{"success":true,"data":{"pressRelease":{"id":"101927","rtpr_id":"nGNX7HDPKj","ticker":"DETX","exchange":"NASDAQ","all_tickers":["DETX","SCAN"],"title":"Liberty Announces Closing of Shares for Debt","author":"Globe Newswire","published_at":"2026-07-29T12:00:00.828Z","article_body":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\nUNITED STATES\n\nVANCOUVER, British Columbia and WILMINGTON, Mass., July 29, 2026 (GLOBE\nNEWSWIRE) -- Liberty Defense Holdings Ltd.\n(https://www.globenewswire.com/Tracker?data=REYmeKMM0IL8QvaMLaB0V04JjxYkEekZKBdn8ym7L07v9tPXOkvE7eTTIh-1PkBhLqRYDdWoCryAJlob3YPmTsNxcY_L-g_htOqJIBXAxnZHRFJIKPutH9BnarF7DFcS)\n(“Liberty” or the “Company”) (NASDAQ: DETX, TSXV: SCAN\n(https://www.globenewswire.com/Tracker?data=kmjSoUmKKmmNG7m-R3B--albsT2z6NinIZbC99BYeFlOKw9Xk2gfAsaJ7Nh1eKF8IQO2YGxMjb4oyimnn4Bk-IGA-ibeI1PDAo5w7MpFWbE=)),\na leading technology provider of AI-based next generation detection solutions\nfor concealed weapons and threats, announced today that further to its press\nrelease of May 27, 2026, the Company has issued 23,306 common shares (the\n“Shares”) at a deemed issue price of $4.55 per Share in settlement of an\naggregate of CAD$117,000 of indebtedness, which is now extinguished, with a\nservice provider in connection with accounts payable related to the\nCompany’s U.S. IPO and Nasdaq listing.\nThe Shares are subject to a statutory hold period of four months plus a day\nfrom the date of issuance in accordance with applicable securities\nlegislation.\n\nThe securities offered have not been registered under the U.S. Securities Act\nof 1933, as amended, and may not be offered or sold in the United States\nabsent registration or an applicable exemption from the registration\nrequirements. This press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy nor shall there be any sale of the securities\nin any State in which such an offer, solicitation or sale would be unlawful.\n\nOn Behalf of Liberty Defense\nBill Frain\nCEO & Director\n\nAbout Liberty Defense\n\nLiberty Defense (NASDAQ: DETX\n(https://www.globenewswire.com/Tracker?data=qmQ0afK3oYj6tHC0OgvhEuEPfOJbMxcG7MJpTiSyrPshIOJnNOqcaIYRgnNVfHhkfsEFpl2GtvAzZydFo44ifmxrtA3wYEj2RhHOpK1I61XczvQ3WzEKnHIlC0aawB2t),\nTSXV: SCAN\n(https://www.globenewswire.com/Tracker?data=kmjSoUmKKmmNG7m-R3B--fX0eXAWakOkYbmNhYuew80CkjteN7HXTykKU4pLaUuxDxt7S2cT8Sq6csLmGN2cQ4QcJOV-aVVfBQrVwxnzuMA=))\nprovides multi-technology security solutions for concealed weapons detection\nin high volume foot traffic areas and locations requiring enhanced security\nsuch as airports, stadiums, schools, and more. Liberty's HEXWAVE product, for\nwhich the company has secured an exclusive license from Massachusetts\nInstitute of Technology (MIT), as well as a technology transfer agreement for\npatents related to active 3D radar imaging technology, provides discrete,\nmodular, and scalable protection to provide layered, stand-off detection\ncapability of metallic and non-metallic weapons. Liberty has also recently\nlicensed the millimeter wave-based, High-Definition Advanced Imaging\nTechnology (HD-AIT) body scanner and shoe scanner technologies as part of its\ntechnology portfolio. Liberty is committed to protecting communities and\npreserving peace of mind through superior security detection solutions.\n\nInvestor Relations\n\nCrescendo Communications, LLC\nSCAN@crescendo-ir.com\n212-671-1020\n\nFORWARD-LOOKING STATEMENTS\n\nWhen used in this press release, the words “estimate”, “project”,\n“belief”, “anticipate”, “intend”, “expect”, “plan”,\n“predict”, “may” or “should” and the negative of these words or\nsuch variations thereon or comparable terminology are intended to identify\nforward-looking statements and information. Although Liberty believes, in\nlight of the experience of its officers and directors, current conditions and\nexpected future developments and other factors that have been considered\nappropriate, that the expectations reflected in the forward-looking statements\nand information in this press release are reasonable, undue reliance should\nnot be placed on them because Liberty can give no assurance that such\nstatements will prove to be correct. Such statements and information reflect\nthe current view of Liberty. There are risks and uncertainties that may cause\nactual results to differ materially from those contemplated in those\nforward-looking statements and information.\n\nBy their nature, forward-looking statements involve known and unknown risks,\nuncertainties and other factors which may cause our actual results,\nperformance or achievements, or other future events, to be materially\ndifferent from any future results, performance or achievements expressed or\nimplied by such forward-looking statements. There are a number of important\nfactors that could cause Liberty’s actual results to differ materially from\nthose indicated or implied by forward-looking statements and information,\nincluding those appearing in Liberty’s public filings. Such factors include,\namong others: currency fluctuations; limited business history of the parties;\ndisruptions or changes in the credit or security markets; results of operation\nactivities and development of projects; project cost overruns or unanticipated\ncosts and expenses; general development, market and industry conditions; and\nother factors described in Liberty’s public filings. The parties undertake\nno obligation to comment on analyses, expectations or statements made by third\nparties in respect of their securities or their respective financial or\noperating results (as applicable).\n\nLiberty cautions that the foregoing list of material factors is not\nexhaustive. When relying on Liberty’s forward-looking statements and\ninformation to make decisions, investors and others should carefully consider\nthe foregoing factors and other uncertainties and potential events. Liberty\nhas assumed that the material factors referred to in the previous paragraph\nwill not cause such forward-looking statements and information to differ\nmaterially from actual results or events. However, the list of these factors\nis not exhaustive and is subject to change and there can be no assurance that\nsuch assumptions will reflect the actual outcome of such items or factors. The\nforward-looking information contained in this press release represents the\nexpectations of Liberty as of the date of this press release and, accordingly,\nare subject to change after such date. Liberty does not undertake to update\nthis information at any particular time except as required in accordance with\napplicable laws.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this press release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e3680d7e-614f-4715-8d2b-337dbd073cbc)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7HDPKj","title":"Liberty Announces Closing of Shares for Debt","author":"Globe Newswire","ticker":"DETX","created":"2026-07-29T12:00:00.828Z","tickers":["DETX","SCAN"],"exchange":"NASDAQ","article_body":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\nUNITED STATES\n\nVANCOUVER, British Columbia and WILMINGTON, Mass., July 29, 2026 (GLOBE\nNEWSWIRE) -- Liberty Defense Holdings Ltd.\n(https://www.globenewswire.com/Tracker?data=REYmeKMM0IL8QvaMLaB0V04JjxYkEekZKBdn8ym7L07v9tPXOkvE7eTTIh-1PkBhLqRYDdWoCryAJlob3YPmTsNxcY_L-g_htOqJIBXAxnZHRFJIKPutH9BnarF7DFcS)\n(“Liberty” or the “Company”) (NASDAQ: DETX, TSXV: SCAN\n(https://www.globenewswire.com/Tracker?data=kmjSoUmKKmmNG7m-R3B--albsT2z6NinIZbC99BYeFlOKw9Xk2gfAsaJ7Nh1eKF8IQO2YGxMjb4oyimnn4Bk-IGA-ibeI1PDAo5w7MpFWbE=)),\na leading technology provider of AI-based next generation detection solutions\nfor concealed weapons and threats, announced today that further to its press\nrelease of May 27, 2026, the Company has issued 23,306 common shares (the\n“Shares”) at a deemed issue price of $4.55 per Share in settlement of an\naggregate of CAD$117,000 of indebtedness, which is now extinguished, with a\nservice provider in connection with accounts payable related to the\nCompany’s U.S. IPO and Nasdaq listing.\nThe Shares are subject to a statutory hold period of four months plus a day\nfrom the date of issuance in accordance with applicable securities\nlegislation.\n\nThe securities offered have not been registered under the U.S. Securities Act\nof 1933, as amended, and may not be offered or sold in the United States\nabsent registration or an applicable exemption from the registration\nrequirements. This press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy nor shall there be any sale of the securities\nin any State in which such an offer, solicitation or sale would be unlawful.\n\nOn Behalf of Liberty Defense\nBill Frain\nCEO & Director\n\nAbout Liberty Defense\n\nLiberty Defense (NASDAQ: DETX\n(https://www.globenewswire.com/Tracker?data=qmQ0afK3oYj6tHC0OgvhEuEPfOJbMxcG7MJpTiSyrPshIOJnNOqcaIYRgnNVfHhkfsEFpl2GtvAzZydFo44ifmxrtA3wYEj2RhHOpK1I61XczvQ3WzEKnHIlC0aawB2t),\nTSXV: SCAN\n(https://www.globenewswire.com/Tracker?data=kmjSoUmKKmmNG7m-R3B--fX0eXAWakOkYbmNhYuew80CkjteN7HXTykKU4pLaUuxDxt7S2cT8Sq6csLmGN2cQ4QcJOV-aVVfBQrVwxnzuMA=))\nprovides multi-technology security solutions for concealed weapons detection\nin high volume foot traffic areas and locations requiring enhanced security\nsuch as airports, stadiums, schools, and more. Liberty's HEXWAVE product, for\nwhich the company has secured an exclusive license from Massachusetts\nInstitute of Technology (MIT), as well as a technology transfer agreement for\npatents related to active 3D radar imaging technology, provides discrete,\nmodular, and scalable protection to provide layered, stand-off detection\ncapability of metallic and non-metallic weapons. Liberty has also recently\nlicensed the millimeter wave-based, High-Definition Advanced Imaging\nTechnology (HD-AIT) body scanner and shoe scanner technologies as part of its\ntechnology portfolio. Liberty is committed to protecting communities and\npreserving peace of mind through superior security detection solutions.\n\nInvestor Relations\n\nCrescendo Communications, LLC\nSCAN@crescendo-ir.com\n212-671-1020\n\nFORWARD-LOOKING STATEMENTS\n\nWhen used in this press release, the words “estimate”, “project”,\n“belief”, “anticipate”, “intend”, “expect”, “plan”,\n“predict”, “may” or “should” and the negative of these words or\nsuch variations thereon or comparable terminology are intended to identify\nforward-looking statements and information. Although Liberty believes, in\nlight of the experience of its officers and directors, current conditions and\nexpected future developments and other factors that have been considered\nappropriate, that the expectations reflected in the forward-looking statements\nand information in this press release are reasonable, undue reliance should\nnot be placed on them because Liberty can give no assurance that such\nstatements will prove to be correct. Such statements and information reflect\nthe current view of Liberty. There are risks and uncertainties that may cause\nactual results to differ materially from those contemplated in those\nforward-looking statements and information.\n\nBy their nature, forward-looking statements involve known and unknown risks,\nuncertainties and other factors which may cause our actual results,\nperformance or achievements, or other future events, to be materially\ndifferent from any future results, performance or achievements expressed or\nimplied by such forward-looking statements. There are a number of important\nfactors that could cause Liberty’s actual results to differ materially from\nthose indicated or implied by forward-looking statements and information,\nincluding those appearing in Liberty’s public filings. Such factors include,\namong others: currency fluctuations; limited business history of the parties;\ndisruptions or changes in the credit or security markets; results of operation\nactivities and development of projects; project cost overruns or unanticipated\ncosts and expenses; general development, market and industry conditions; and\nother factors described in Liberty’s public filings. The parties undertake\nno obligation to comment on analyses, expectations or statements made by third\nparties in respect of their securities or their respective financial or\noperating results (as applicable).\n\nLiberty cautions that the foregoing list of material factors is not\nexhaustive. When relying on Liberty’s forward-looking statements and\ninformation to make decisions, investors and others should carefully consider\nthe foregoing factors and other uncertainties and potential events. Liberty\nhas assumed that the material factors referred to in the previous paragraph\nwill not cause such forward-looking statements and information to differ\nmaterially from actual results or events. However, the list of these factors\nis not exhaustive and is subject to change and there can be no assurance that\nsuch assumptions will reflect the actual outcome of such items or factors. The\nforward-looking information contained in this press release represents the\nexpectations of Liberty as of the date of this press release and, accordingly,\nare subject to change after such date. Liberty does not undertake to update\nthis information at any particular time except as required in accordance with\napplicable laws.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this press release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e3680d7e-614f-4715-8d2b-337dbd073cbc)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-29T12:00:01.183025343Z","server_sent_at_ms":1785326401183},"received_at":"2026-07-29T12:00:01.231Z","source_url":"https://www.globenewswire.com/news-release/2026/07/29/3335169/0/en/liberty-announces-closing-of-shares-for-debt.html"},"analysis":{"id":"90952","press_release_id":"101927","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"dilution","narrative":"Liberty Defense issued 23,306 common shares at a deemed price of $4.55 per share to settle CAD$117,000 of debt owed to a service provider.\n\nThe debt extinguished was related to accounts payable for the company’s recent U.S. IPO and Nasdaq listing.\n\nThe issued shares are subject to a four-month hold period under applicable securities legislation.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine administrative settlement of minor debt via equity issuance."},"keyFigures":{"dealValueUsd":"CAD$117,000","offeringPrice":4.55,"sharesOffered":23306},"quotedText":"","namedEntities":{"people":[{"name":"Bill Frain","role":"CEO & Director"}],"products":["HEXWAVE","High-Definition Advanced Imaging Technology (HD-AIT)","body scanner","shoe scanner"],"companies":[{"name":"Liberty Defense Holdings Ltd.","ticker":"DETX"},{"name":"Crescendo Communications, LLC","relationship":"Investor Relations"},{"name":"Massachusetts Institute of Technology","relationship":"Licensor"}],"dollarAmounts":[{"amount":"CAD$117,000","context":"aggregate indebtedness extinguished"},{"amount":"$4.55","context":"deemed issue price per share"}]},"materialImpact":{"score":1,"reasoning":"Routine settlement of a nominal debt amount (CAD$117,000) via the issuance of a small number of shares; immaterial impact on the company's financial position or operations."},"tickerRelevance":{"others":[],"primary":"DETX"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"shares-for-debt-settlement"}},"event_type":"dilution","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Liberty Defense issued 23,306 common shares at a deemed price of $4.55 per share to settle CAD$117,000 of debt owed to a service provider.\n\nThe debt extinguished was related to accounts payable for the company’s recent U.S. IPO and Nasdaq listing.\n\nThe issued shares are subject to a four-month hold period under applicable securities legislation.","key_figures":{"dealValueUsd":"CAD$117,000","offeringPrice":4.55,"sharesOffered":23306},"named_entities":{"people":[{"name":"Bill Frain","role":"CEO & Director"}],"products":["HEXWAVE","High-Definition Advanced Imaging Technology (HD-AIT)","body scanner","shoe scanner"],"companies":[{"name":"Liberty Defense Holdings Ltd.","ticker":"DETX"},{"name":"Crescendo Communications, LLC","relationship":"Investor Relations"},{"name":"Massachusetts Institute of Technology","relationship":"Licensor"}],"dollarAmounts":[{"amount":"CAD$117,000","context":"aggregate indebtedness extinguished"},{"amount":"$4.55","context":"deemed issue price per share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-29T15:28:12.855Z","global_importance":5,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"shares-for-debt-settlement"}},"durationMs":224536,"modelName":"glm-4.7"}}