Shaires Holdings Plans AI Portfolio and $100 Million Raise
Aug 15, 2026
Funding, Mergers & Acquisitions
DEFSEC Technologies Plans CAD$5.54M Private Placement
August 17, 2026
DEFSEC Technologies expects to raise about CAD$5.54 million through a private placement of common shares, warrants, and warrants funded in advance.
DEFSEC Technologies said in a press release that it has entered definitive agreements for a private placement expected to raise about CAD$5.54 million, or about US$4.0 million, before fees and expenses. The Ottawa company plans to issue 1,951,219 common shares, or warrants funded in advance in place of shares, at CAD$2.84 per share.
The placement also includes common share purchase warrants to buy up to 1,951,219 additional common shares. Each warrant can be exercised at CAD$3.30 per share for 60 months after closing.
DEFSEC plans to use the net proceeds for business and market development, intellectual property protection and registrations, and general working capital. The offering is expected to close on or about August 18, 2026, subject to customary closing conditions, including approval from the TSX Venture Exchange.
DEFSEC develops tactical systems for military and security users. Its portfolio includes systems for shared situational awareness and targeting information from sources such as drones, along with countermeasures for electronic detection, lasers, and drones.
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like Defense AI Brief, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from: Defense
08/17
U.S. Army to Evaluate Hunter WOLF Ground Vehicle with 82nd Airborne
08/17
Department of War Awards NODA AI $100 Million Contract
08/15
Oklahoma Guard Soldier Builds AI Tool to Review Awards Eligibility
08/15
CodeMettle Receives Army Contract for Terminus Tactical Network Software
08/12
Lockheed Martin Demonstrates NetSense Drone Detection System
More from: Funding
08/17
Molex Invests in CAEPlus for AI Data Center Cooling
08/17
VastAdvisor Raises $1 Million for AI Wealth Management Growth Platform
08/17
Spin Master to Acquire Hapiko, Maker of AI Sticker Tool for Kids
08/17
WhiteFiber Plans Two More North Carolina Data Center Campuses
08/17
Xpander Raises $7.5 Million and Introduces Omni AI Agent
Subscribe to Defense AI Brief
Your weekly intelligence briefing on the technology shaping modern warfare and national security.
Trend report
Cybersecurity Trends Report 2025
Netwrix
The Cybersecurity Trends Report 2025 by Netwrix Research Lab provides insights into how organizations are adapting their cybersecurity strategies amidst growing AI adoption. The report, based on a survey of 2,150 IT professionals from 121 countries, highlights key trends such as the increase in hybrid IT environments, AI-driven security challenges, and the rising costs of security incidents.
Read more