Monitor for potential over-allotment exercise within 30 days, which could add ~$3 million in additional proceeds and incremental dilution. The Nasdaq listing may improve liquidity and visibility for a previously OTC-traded microcap, but the $20M capital raise at a $9M pre-offer market cap suggests significant dilution—assess use of proceeds and near-term cash burn.
Price Chart
Executive Summary
Liberty Defense closed its U.S. initial public offering of 3,673,638 common shares at $4.50 per share and issued pre-funded warrants for 770,807 additional shares at $4.4999, raising approximately $20 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 666,666 additional shares to cover over-allotments. Its shares began trading on the Nasdaq Capital Market under 'DETX' on April 22, 2026, leaving the OTCQB.
Key Financial Metrics
Key Facts
- Liberty Defense raised approximately $20 million in gross proceeds from its U.S. IPO.
- Offering included 3,673,638 common shares at $4.50 per share and pre-funded warrants for 770,807 shares at $4.4999 each.
- Underwriters granted 30-day option to purchase up to 666,666 additional shares for over-allotments.
- Shares began trading on Nasdaq under 'DETX' on April 22, 2026, delisting from OTCQB.
- Securities issued to Canadian investors subject to four-month hold period.
Financial Impact
$20 million in gross proceeds
Risk Factors
- Significant dilution from offering relative to prior market cap of $9M
- Overhang from potential exercise of over-allotment option and pre-funded warrants
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3280770 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 6-K | $1.44 $1.71 | ▲ +18.75% | ▲ +18.66% | $1.78 (+23.61%) |
Oct 13, 2026 12d ago | 6-K | $1.53 $1.50 | ▼ −1.96% | ▼ −2.41% | $1.78 (+16.34%) |
Oct 13, 2026 12d ago | Press Release | $1.53 $1.50 | ▼ −1.96% | ▼ −2.41% | $1.78 (+16.34%) |
Oct 13, 2026 13d ago | 6-K | $1.56 $1.50 | ▼ −3.85% | ▼ −2.69% | $1.78 (+14.10%) |
Oct 6, 2026 20d ago | 6-K | $1.96 $1.56 | ▼ −20.41% | ▼ −20.27% | $1.78 (−9.18%) |
Oct 2, 2026 24d ago | 6-K | $2.11 $1.80 | ▼ −14.69% | ▼ −15.85% | $1.78 (−15.64%) |
Oct 2, 2026 24d ago | Press Release | $2.11 $1.80 | ▼ −14.69% | ▼ −15.85% | $1.78 (−15.64%) |
Sep 24, 2026 4w ago | 6-K | $2.10 $2.09 | ▼ −0.48% | ▼ −0.06% | $1.78 (−15.24%) |
Sep 24, 2026 4w ago | Press Release | $2.10 $2.09 | ▼ −0.48% | ▼ −0.06% | $1.78 (−15.24%) |
Sep 16, 2026 5w ago | 6-K | $2.23 $2.05 | ▼ −7.96% | ▼ −10.53% | $1.78 (−20.09%) |
US Market Status
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