Liberty Defense

Liberty Defense said that president Bryan Cunningham left the company effective July 22, 2026, to return to the privacy and advocacy sector. CEO Bill Frain thanked Cunningham and said the role will not be immediately filled; the leadership team will continue to carry out strategic priorities and provide service to customers and partners. Liberty Defense offers AI-based detection solutions such as the MIT-licensed HEXWAVE 3D radar system and millimeter-wave scanners. » Mere på de.investing.com

Liberty Defense has put multiple HEXWAVE units into operation at personnel checkpoints in Terminal B of LaGuardia Airport. The contactless system uses millimeter-wave sensors, 3D imaging and AI to detect metallic and non-metallic threats. Despite the installation, the company is dealing with a strained balance sheet, announcing a debt settlement of 117,000 CAD in shares plus a 350,000 CAD cash payment, and reporting a low current ratio. » Mere på de.investing.com

Liberty Defense sold 3,673,638 common shares at $4.50 each and issued priority investor warrants, raising roughly $20 million before costs. The shares were listed on the Nasdaq Capital Market under the ticker DETX on April 22, 2026; OTCQB trading under LDDFF was halted, while trading on the TSX Venture Exchange remains. The company granted banks an overallotment option and simultaneously shows a steep share-price collapse (current price $0.05) and marked financial distress (Altman Z-Score -24.57, return on total capital -232%). Liberty Defense offers millimeter-wave–based security solutions for detecting concealed weapons and holds an exclusive MIT license for HEXWAVE. » Mere på de.investing.com