Liberty Announces Accelerated Expiration of Warranties

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NOT FOR SUBSCRIBING TO OUR NEWS SERVICES OR DISTRIBUTION IN THE UNITED STATES

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VANCOUVER, British Columbia and WILMINGTON, Mass., Dec. 31, 2024 (GLOBE NEWSWIRE) — Liberty Defense Holdings Ltd. (“Freedom” or “Company”) (TSXV: SCAN, OTCQB: LDDFF), a leading technology provider of next-generation AI-based detection solutions for hidden weapons and threats, announces that it has elected to exercise its right to accelerate all warrants to purchase 12,500,000 common shares of the Company. (the “Guarantees”) issued on December 19, 2024 following a private site. Each warrant is exercisable for one common share of the Company (“Common Shares”) with an exercise price of $0.55 per Common Share.

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Pursuant to the terms of the Warrants, the Company may accelerate the expiration date of the Warrants at any time following the date of issuance of the Warrants if the closing price of the Common Shares on the TSX Venture Exchange (the “The TSXV”) at or above $0.70 on any five consecutive trading days (the “Acceleration Event“). Since the close of markets on December 31, 2024, the closing price of the Common Shares (and the volume-weighted trading price) on the TSXV for five consecutive trading days has exceeded $0.70. Accordingly, the expiration date of the Warrants is being accelerated to January 8, 2025. This press release includes notice that an Acceleration Event has occurred.

Holders of warrants may exercise their rights to receive Common Shares on or before 4:30 pm (Eastern time) on January 8, 2025 by providing the Company with a duly completed Warrant Exercise Notice (attached to the Warrant certificate governing the Warrants) and a consolidated exercise. price payable by certified check, bank draft or wire transfer. Warrant tests in good order shall be sent to the Company at 187 Ballardvale Street, Suite 110, Wilmington, MA, 01887 USA, Attention: Omar Garcia or by email to info@libertydefense.com no later than 4:30p.m. (Eastern Time) on January 8, 2025.

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The securities being offered are not registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release will not constitute an offer to sell or the solicitation of an offer to buy and there will not be any sale of securities in any jurisdiction where such offer, solicitation or sale would be unlawful.

For the Freedom of Defense section
Bill Frain
CEO and Director

Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

For more information: info@libertydefense.com

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