KWESST Secures CAD $3.5 Million Through Private Placement

An announcement from KWESST Micro Systems ( (TSE:KWE) ) is now available.

KWESST Micro Systems Inc. announced on February 19, 2025, a CAD $3.5 million private placement agreement with accredited and institutional investors for the issuance and sale of the company’s securities. The proceeds from this offering are intended for general working capital purposes. The private placement includes the issuance of common shares and pre-funded warrants bundled with common share purchase warrants, all subject to TSX Venture Exchange approval. ThinkEquity is acting as the sole placement agent for this offering. This financial move is expected to strengthen KWESST’s operational capacity and market position, potentially impacting stakeholders positively through enhanced financial health and strategic growth.

More about KWESST Micro Systems

KWESST Micro Systems Inc. develops and commercializes next-generation tactical systems for military and security forces. Their product offerings include digitization of tactical forces for real-time situational awareness, countermeasures against various threats, and a non-lethal product line branded PARA OPS for law enforcement. The company is headquartered in Ottawa, Canada, with offices in London, UK, and Abu Dhabi, UAE.

YTD Price Performance: -24.87%

Average Trading Volume: 7,927,504

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $935.1K

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