The offering was priced at CAD$2.84 per unit, with each unit including a warrant exercisable at CAD$3.30 over the next five years. To facilitate the deal, H.C. Wainwright & Co. received a 7.5% cash commission and additional warrants as compensation for their role as the exclusive placement agent. The company has committed to filing registration statements with the U.S. Securities and Exchange Commission to cover the resale of these securities.

DEFSEC, which trades on both the TSXV and NASDAQ, intends to deploy these funds toward intellectual property registrations and general working capital. The company currently specializes in tactical digitization, providing real-time battlefield data to smart devices and weapon systems, alongside its proprietary PARA SHOT less-lethal product line.