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Liberty Defense Wins HEXWAVE Lab Deal and Gains Approval for New Incentive Plan

Story Highlights
  • Liberty Defense sold its HEXWAVE screening system to a major infectious disease lab, expanding use in sensitive research settings.
  • The company secured final approval for its 2025 Omnibus Incentive Plan, capping equity awards at 10% of shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Liberty Defense Wins HEXWAVE Lab Deal and Gains Approval for New Incentive Plan

Meet Samuel – Your Personal Investing Prophet

Liberty Defense Holdings ( (TSE:SCAN) ) has issued an update.

Liberty Defense Holdings has secured a sale of its HEXWAVE walkthrough screening system to a prominent infectious disease research laboratory, where it will screen employees and visitors entering and exiting the facility. The deployment underscores growing demand for advanced, contactless security solutions in sensitive research environments that require detection of both metallic and non-metallic threats without slowing operations.

The company also gained final approval from the TSX Venture Exchange for its 2025 Omnibus Incentive Plan, which replaces its prior equity plan and caps total share-based compensation at 10% of outstanding common shares. The updated plan, now governing all existing equity awards, enhances Liberty Defense’s flexibility in granting stock options and share units as it seeks to retain talent and support its growth strategy.

The most recent analyst rating on (TSE:SCAN) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Liberty Defense Holdings stock, see the TSE:SCAN Stock Forecast page.

Spark’s Take on TSE:SCAN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SCAN is a Neutral.

The score is primarily weighed down by severe financial weakness (declining revenue, large losses, and negative equity). Technicals are also bearish with the stock trading below major moving averages, though oversold indicators slightly temper the downside. Valuation provides limited support given the negative P/E and lack of dividend yield.

To see Spark’s full report on TSE:SCAN stock, click here.

More about Liberty Defense Holdings

Liberty Defense Holdings is a security technology company specializing in AI-based, multi-technology detection systems for concealed weapons and threats. Its flagship HEXWAVE platform, exclusively licensed from MIT, uses active 3D radar and millimeter-wave imaging to provide high-throughput, stand-off screening in high-traffic, high-security environments such as airports, stadiums, and schools.

Average Trading Volume: 440,187

Technical Sentiment Signal: Sell

Current Market Cap: C$17.86M

See more insights into SCAN stock on TipRanks’ Stock Analysis page.

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