DEFSEC Technologies Inc. has announced a significant change in its share structure with a 9-to-1 consolidation of its common shares. This decision, effective at 12:01 a.m. Eastern Daylight Time on November 16, 2026, aims to ensure compliance with Nasdaq's minimum bid price requirements, which is crucial for maintaining its listing on the exchange.

The company currently has 4,593,998 common shares issued and outstanding, which will be reduced to approximately 510,444 shares post-consolidation. The consolidation has been approved by the company's board of directors and is subject to final approval from both the TSX Venture Exchange and Nasdaq.

Shareholders holding shares in book-entry or direct registration system form will see their shares automatically exchanged for post-consolidation shares, while those with physical certificates will need to follow specific instructions to exchange their shares. The consolidation will not affect the company's outstanding warrants, but adjustments will be made to the exercise price and number of shares issuable under stock options and warrants.

DEFSEC Technologies, headquartered in Ottawa, Canada, specializes in developing and commercializing next-generation tactical systems for military and security forces. Its portfolio includes innovative solutions for real-time situational awareness and countermeasures against various threats.

The announcement of the share consolidation reflects DEFSEC's strategic efforts to enhance its market position and comply with regulatory requirements. As the prepackaged software industry continues to evolve, other companies may face similar challenges in maintaining compliance with exchange regulations.

For more information about DEFSEC Technologies, visit their official website. The company is also preparing to mail a letter of transmittal to registered shareholders regarding the consolidation.