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T3 Defense ( (DFNS) ) has issued an update.
On April 27, 2026, T3 Defense’s board approved giving CEO Menachem Shalom the right to convert notes assigned to him under the Star Purchase Agreement, totaling about $2.14 million in principal, into common shares at a conversion price tied to Nasdaq’s last consolidated bid, set at $0.5124 per share. On the same date, the board also cut the exercise price of the Star Warrant held by Shalom from $1.50 to $0.5124 per share for his 7,175,662 underlying shares, a move that significantly improves his and other former Star 26 equity holders’ economic incentive to convert debt and exercise warrants, and potentially increases future equity dilution for existing shareholders.
More about T3 Defense
T3 Defense operates in the defense sector, issuing common stock and warrants as part of its financing strategy. The company’s capital structure includes notes and equity-linked securities held by key insiders and investors, reflecting an emphasis on structured transactions to support its operations and growth plans.
Average Trading Volume: 2,483,012
Technical Sentiment Signal: Strong Sell
Current Market Cap: $19.63M
See more data about DFNS stock on TipRanks’ Stock Analysis page.