Liberty Appoints Anjana Rajan to Strategic Advisory Board and Announces Repricing of Warrants - Seite 2

The Company also announces that it intends to amend the exercise price of an aggregate 909,091 common share purchase warrants (the “Warrants”) issued on February 26, 2024. Each Warrant is currently exercisable to purchase one common share (a “Share”) at $2.00 and expires on February 26, 2027. The Company intends to reprice the Warrants to $0.35 per Share. All other terms of the Warrants will remain the same except that the Warrants will include an accelerated expiry provision: if, for any 10 consecutive trading days during the unexpired term, the closing price of the Shares exceeds the new exercise price by at least 25%, the exercise period will be reduced to 30 days, commencing no more than seven calendar days after the tenth such trading day. The proposed amendment remains subject to acceptance of the TSX Venture Exchange. The Company expects that no action will be required by Warrant holders to give effect to the amendment.

In addition, pursuant to the Company’s omnibus long-term incentive plan and subject to regulatory approval, Liberty granted an aggregate of 2,000,000 stock options (the “Options”) effective September 9, 2025, allocated as follows: 900,000 to directors and officers, 100,000 to an investor relations service provider, 660,000 to employees, and 340,000 to consultants. Each Option entitles the holder to acquire one common share of the Company at an exercise price of $0.265 per share, vests in four equal installments of 25% on December 9, 2025, March 9, 2026, June 9, 2026, and September 9, 2026, and will expire on September 9, 2030, subject to the terms of the Company’s omnibus long-term incentive plan and applicable securities law hold periods.

On Behalf of Liberty Defense
Bill Frain
CEO & Director

About Liberty Defense

Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FSE:E30) provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty's HEXWAVE product, for which the company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com