KWESST Announces Intention to Change Corporate Name At Opening of Expanded New Facility
Ottawa, Ontario--(Newsfile Corp. - June 25, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62U1) ("KWESST" or the "Company") a leader in advanced tactical systems for the defense and public security market, announces that it intends to change its name to "DEFSEC Technologies Inc." at the opening of its expanded new facility at 80 Hines Road in Kanata North, Ottawa, Ontario. The proposed name change is subject to approval from the TSX Venture Exchange...
2025-06-25 5:30 PM EDT
KWESST Receives Order For Prototypes Of Its Next-Generation Battlefield Laser Detection System For Major North American Armored Vehicle Program
Ottawa, Ontario--(Newsfile Corp. - June 18, 2025) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62U1) ("KWESST" or the "Company"), a leader in advanced tactical systems, today announced receipt of a first order from a defense systems integrator for prototypes of its newest generation of battlefield laser detection system ("BLDS") for a major North American armored vehicle program. On August 4, 2023, KWESST delivered earlier versions of the BLDS technology to an overseas NATO country...
2025-06-18 9:10 AM EDT
KWESST Micro Systems Reports Second Quarter 2025 Financial Results
Further acceleration in revenue growth:+250% 1H year-over-year+160% Q2 year-over-yearOperating expenses reduced by 36% Q2 year-over-yearCash balance increases by 54% over Q1 Fiscal 2025 to $4.4MOttawa, Ontario--(Newsfile Corp. - May 16, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") is pleased to announce the highlights of its second quarter of fiscal 2025 ("Q2 Fiscal 2025") results. This announcement is a summary only and should be read in conjunction with KWESST's unaudited...
2025-05-16 7:30 AM EDT
KWESST Regains Compliance with Nasdaq Minimum Bid Price Requirement
Ottawa, Ontario--(Newsfile Corp. - May 8, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW ("KWESST" or the "Company") is pleased to announce that it has received a notification letter (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the "Nasdaq Minimum Bid Price Requirement").The Notification Letter confirmed...
2025-05-08 7:27 PM EDT
KWESST Announces Clarification of its Share Consolidation and Effectiveness
Ottawa, Ontario--(Newsfile Corp. - April 23, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") previously announced that, subject to the final approval of the TSX Venture Exchange (the "TSXV"), that it will effect a consolidation of the Company' issued and outstanding common shares (each, a "Share") on the basis of twenty-one (21) pre-consolidation Shares for each one (1) post-consolidation Share (the "Consolidation"). The Consolidation is effective as at 12:01 a.m....
2025-04-23 9:57 AM EDT
KWESST Announces 1-for-21 Share Consolidation
Ottawa, Ontario--(Newsfile Corp. - April 21, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") announces, subject to the final approval of the TSX Venture Exchange (the "TSXV"), that it will effect a consolidation of the Company' issued and outstanding common shares (each, a "Share") on the basis of twenty-one (21) pre-consolidation Shares for each one (1) post-consolidation Share (the "Consolidation"). The Consolidation will be effective at 12:01 a.m. Eastern Daylight...
2025-04-21 7:30 AM EDT
KWESST Announces Results of Special Shareholder Meeting
Ottawa, Ontario--(Newsfile Corp. - April 1, 2025) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced the results of its special meeting of shareholders (the "Meeting") held virtually via a Zoom video conference on March 31, 2025 at 4:00 PM (Eastern time). The Meeting was called as part of the Company's efforts to regain compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2).At the Meeting,...
2025-04-01 7:30 AM EDT
KWESST Contracts U.S.-Based Nordon Inc. for the Manufacture of New ARWEN(TM) Products - Ensuring Highest Quality, Short Lead Times, and Tariff-Free Production
Ottawa, Ontario--(Newsfile Corp. - March 28, 2025) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("KWESST" or the "Company"), today reaffirmed its growth outlook and announces expansion of its manufacturing capabilities into the United States.The Company is proud to announce a strategic partnership with a contract manufacturer in the United States to bring elements of its production stateside under the signing of a non-binding memorandum of understanding ("MOU") dated March 27, 2025. The parties will work towards...
2025-03-28 8:53 AM EDT
KWESST Provides Context on Special Shareholder Meeting Scheduled on March 31 in Connection with a Proposed Share Consolidation
Ottawa, Ontario--(Newsfile Corp. - March 18, 2025) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") announces that it has filed notice of a meeting of shareholders, a management information circular, and related documents (collectively, the "Meeting Materials") to convene a special meeting (the "Meeting") of shareholders. The Meeting will take place on March 31, 2025 at 4:00 pm (Eastern Time). Copies of the Meeting Materials are available for review under the...
2025-03-18 8:37 AM EDT
KWESST Micro Systems Inc. Announces Upsizing of Private Placement and Closing of First Tranche
Ottawa, Ontario--(Newsfile Corp. - February 21, 2025) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("KWESST" or the "Company"), today announced the closing of a first tranche of the issuance and sale of a private placement of its securities to accredited and institutional investors for aggregate gross proceeds of approximately CAD$3.5 million (approximately US$2.5 million) (the "First Tranche"). As a part of the First Tranche, the Company issued 903,700 common shares ("Common Shares") and 2,884,179 pre-funded...
2025-02-21 10:25 PM EST
KWESST Micro Systems Inc. Announces CAD $3.5 Million Private Placement
Ottawa, Ontario--(Newsfile Corp. - February 19, 2025) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("KWESST" or the "Company"), today announced that it has entered into definitive securities purchase agreements dated February 19, 2025 with accredited and institutional investors for the issuance and sale of the Company's securities, on a brokered private placement basis, for aggregate gross proceeds of approximately CAD$3.5 million (approximately US$2.5 million) (the "Offering"). As a part of the Offering, the Company plans to...
2025-02-19 7:25 AM EST
KWESST Micro Systems Announces Q1 2025 Financial Results
Ottawa, Ontario--(Newsfile Corp. - February 18, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW)("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2025 first quarter ("Q1 Fiscal 2025") results. This announcement is a summary only and should be read in conjunction with KWESST's unaudited condensed consolidated interim financial statements for the three months ended December 31, 2024 and 2023 and related management's discussion and analysis for the three months ended...
2025-02-18 7:30 AM EST
KWESST Announces Additions to the Management Team and Board
Jennifer Welsh, CPA, CA named Chief Financial Officer and Chief Compliance OfficerJames Yersh Appointed to the Board Ottawa, Ontario--(Newsfile Corp. - January 6, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62U) ("KWESST" or the "Company") is pleased to announce the appointment, effective as of February 3, 2025, of Mrs. Jennifer Welsh as Chief Financial Officer and Chief Compliance Officer of the Company, replacing Mr. Kris Denis, who was appointed CFO...
2025-01-06 7:15 AM EST
KWESST Micro Systems Announces Fiscal 2024 Financial Results
Ottawa, Ontario--(Newsfile Corp. - December 30, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62U) ("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2024 year-end results. This announcement is a summary only and should be read in conjunction with KWESST's audited consolidated financial statements, related management discussion and analysis, and Form 20-F Annual Report for the year ended September 30, 2024 ("Fiscal 2024 FS"), all of which...
2024-12-30 8:38 AM EST
KWESST Comments on Recent Market Activity
Ottawa, Ontario--(Newsfile Corp. - December 17, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") wishes to confirm at the request of CIRO that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.About KWESSTKWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company's current portfolio...
2024-12-17 11:51 AM EST
KWESST Receives NASDAQ Minimum Bid Price Requirement Extension
Ottawa, Ontario--(Newsfile Corp. - November 13, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") announced today that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is eligible for an additional 180 calendar day period, or until May 12, 2025, to regain compliance with the Nasdaq's minimum $1 bid price per share requirement.The Company was first notified by Nasdaq of its failure to...
2024-11-13 6:56 PM EST
KWESST Announces Closing of CAD$3.4 Million Private Placement in the United States
Ottawa, Ontario--(Newsfile Corp. - November 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced the closing of a brokered private placement offering to an institutional accredited investor for aggregate gross proceeds of approximately CAD$3.4 million (approximately US$2.5 million) (the "Offering"). As a part of the Offering, the Company issued 4,145,200 pre-funded warrants to acquire one common share of the Company, no par value per share ("Common Share") at...
2024-11-12 9:57 PM EST
KWESST Announces Issuance of Shares in Payment of Certain Debts
Ottawa, Ontario--(Newsfile Corp. - November 11, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U)("KWESST" or the "Company") today announces that it intends to issue a total of 119,047 common shares at a deemed price per common share of $0.84 per share (the "Shares"), representing a 20% discount on the closing price of the Shares on the TSX Venture Exchange (the "TSXV") on the last trading day prior to this news release, for settlement for...
2024-11-11 8:19 AM EST
KWESST Micro Systems Inc. Announces Closing of Public Offering
Ottawa, Ontario--(Newsfile Corp. - November 1, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("KWESST" or the "Company"), today announced the closing of its previously announced best efforts public offering of 3,889,000 common shares ("Common Shares") (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof,) at a public offering price of US$0.90 per Common Share (or Pre-funded Warrant (inclusive of the Pre-Funded Warrant exercise price)), less the placement agent fees. The gross proceeds from the offering...
2024-11-01 5:20 PM EDT
KWESST Micro Systems Inc. Announces Pricing of Public Offering
Ottawa, Ontario--(Newsfile Corp. - October 30, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("KWESST" or the "Company"), today announced the pricing of a best efforts public offering of 3,889,000 common shares (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at a public offering price of US$0.90 per common share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of approximately US$3,500,000, before deducting placement agent fees and offering expenses. All of the common...
2024-10-30 8:00 PM EDT