KWESST Micro Systems Inc. Announces Closing of United States Public Offering
Ottawa, Ontario--(Newsfile Corp. - April 9, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced the closing of its previously announced underwritten public offering of 735,000 common shares and 803,500 pre-funded warrants with an exercise price of $0.001 ("Pre-funded Warrants") at a public offering price of US$0.65 per share and US$0.649 per Pre-funded Warrant, less the underwriting discount. The gross...
2024-04-09 8:36 PM EDT
KWESST Micro Systems Inc. Announces Pricing of United States Public Offering
Ottawa, Ontario--(Newsfile Corp. - April 4, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced the pricing of its underwritten public offering of 1,538,500 common shares (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at a public offering price of $0.65 per share, for gross proceeds of approximately $1,000,000, before deducting underwriting discounts, commissions and offering expenses. All...
2024-04-04 9:52 PM EDT
KWESST Micro Systems Inc. Announces Proposed United States Public Offering
Ottawa, Ontario--(Newsfile Corp. - April 3, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (NASDAQ: KWE.WT.U) ("KWESST" or the "Company") today announced that it intends to offer to sell common shares (and/or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) in an underwritten United States public offering. All of the common shares (and/or Pre-funded Warrants) are to be sold by the Company. ThinkEquity is acting as sole book-running manager for the...
2024-04-03 5:31 PM EDT
KWESST Updates Investors On Business Ramp-Up In Fiscal Q2, Outlook For Q3
Ottawa, Ontario--(Newsfile Corp. - March 21, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) (FSE: 62UA) ("KWESST" or the "Company") today updated investors on the ramp-up of business in Fiscal Q2 2024 ending March 31st, 2024 ("Q2") and the outlook heading into Fiscal Q3 ending June 30, 2024 ("Q3"). "Reorganization of our ARWEN business in Q2 and ramp-up of our military digitization business have provided stronger revenue visibility, which we are pleased to share...
2024-03-21 8:40 AM EDT
KWESST Demonstrates PARA OPS To Southern California Agencies
Ottawa, Ontario--(Newsfile Corp. - March 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today reported on its demonstrations of PARA OPS to Southern California law enforcement agencies at their request following demonstrations at SHOT Show 2024 in Las Vegas in January. "These are progressive and opinion-leading agencies in the U.S.," said Sean Homuth, KWESST President and CEO. The Company stated th
2024-03-12 8:30 AM EDT
KWESST Awarded Contract From Ontario Provincial Police
Ottawa, Ontario--(Newsfile Corp. - March 8, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced that it has been awarded a contract by the Ontario Provincial Police ("OPP") to deliver training and certification to the force's lead Team Awareness Kit (TAK) users and trainers. The OPP is Canada's largest police force next to the Royal Canadian Mounted Police (RCMP) and has a force of 5,800 uniformed officers. "Though the value...
2024-03-08 9:00 AM EST
KWESST Signs Agreement for Distribution of PARA OPS Products in Canada
Ottawa, Ontario--(Newsfile Corp. - February 28, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") today announced that it has signed a binding Letter Of Intent (LOI) with O'Dell Engineering Ltd., in South Western Ontario, Canada ("ODE") for the sale and distribution of PARA OPS products in Canada for the civilian market, with the parties agreeing to complete a definitive agreement
2024-02-28 4:41 PM EST
KWESST Micro Systems Announces Q1 2024 Financial Results and Provides Corporate Update
Ottawa, Ontario--(Newsfile Corp. - February 15, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2024 first quarter results. This announcement is a summary only and should be read in conjunction with KWESST's unaudited condensed consolidated financial statements and related management discussion and analysis, for the three-month period ended December 31, 2023 ("Q1 2024 FS"). Q1 2024 FS...
2024-02-15 9:08 AM EST
KWESST Invited To Showcase Its Public Safety Products To Elite Special Intervention Units At Spring 2024 Event
Ottawa, Ontario--(Newsfile Corp. - February 12, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") is pleased to report that it has been invited to demonstrate and brief on its public safety products at an international gathering of special intervention units to be held this Spring. "This invitation-only event is a rare opportunity to introduce our public safety products to some of the most elite specialist teams in the world," said Sean...
2024-02-12 4:05 PM EST
KWESST Reports On SHOT Show 2024
Ottawa, Ontario--(Newsfile Corp. - February 5, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") is pleased to report on the success and highlights of SHOT Show 2024 which took place in Las Vegas, January 23-26. The Company featured its new ARWEN 40mm cartridge and its PARA OPS non-lethal system, with live fire demonstrations at the industry Range D
2024-02-05 4:23 PM EST
Dave Ibbetson Joins KWESST as Strategic Advisor
Ottawa, Ontario--(Newsfile Corp. - February 2, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") today announced that Dave Ibbetson, former General Manager of General Dynamics C4 Systems International, and General Dynamics Mission Systems International ("GDMS") has been engaged as a Strategic Defence Advisor. Mr. Ibbetson, with more than 30 years in the Aerospace and Defence Industry, spent 25 years with General Dynamics...
2024-02-02 8:22 AM EST
KWESST Micro Systems Announces Fiscal 2023 Financial Results
Ottawa, Ontario--(Newsfile Corp. - January 18, 2024) - 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 2023 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 for the year ended September 30, 2023 ("Fiscal 2023 FS"). Fiscal 2023...
2024-01-18 9:25 AM EST
KWESST Provides Bi-Weekly MCTO Status Update
Ottawa, Ontario--(Newsfile Corp. - January 12, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") today provides a bi-weekly default status update further to the Company's press release dated December 29, 2023 (the "Announcement") concerning the delay of the filing of its annual financial statements in respect of its year ended September 30, 2023, its management discussion and analysis relating to its annual financial...
2024-01-12 4:14 PM EST
KWESST Announces Delay in Filing Year-End Reporting Documents
Ottawa, Ontario--(Newsfile Corp. - December 22, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") announces today that it intends to delay the filing of its annual financial statements in respect of its year ended September 30, 2023, its management discussion and analysis relating to its annual financial statements, its Form 20-F and the CEO and CFO certifications (collectively, the "Required Documents"), beyond the...
2023-12-22 8:30 AM EST
KWESST e-Commerce Site For Public Safety Munitions Products To Open Monday December 18, 2023
Ottawa, Ontario--(Newsfile Corp. - December 13, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62UA); ("KWESST" or "the Company") today announced that its non-lethal PARA OPS and ARWEN products will be available for law enforcement agencies to purchase on-line (with link from KWESST website) on Monday, December 18, 2023. "As part of scaling our PARA OPS and ARWEN products businesses we're making it easier for law enforcement customers to...
2023-12-13 8:43 AM EST
General (Retired) Rick Hillier Joins KWESST Board
Ottawa, Ontario--(Newsfile Corp. - December 6, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or "the Company") today announced that General (Retired) Rick Hillier has joined KWESST's Board of Directors and will chair the Company's Strategic Planning Committee, following the retirement of Jeff McLeod. General Hillier previously served as international advisor to KWESST. "I'm excited to play a more active role at KWESST," said General...
2023-12-06 8:29 AM EST
KWESST Announces New Chief Executive Officer (CEO)
Ottawa, Ontario--(Newsfile Corp. - November 27, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or "the Company") today announced that further to the retirement of Jeff MacLeod as CEO and from the Board, as announced October 18th, the Board of Directors has appointed Sean Homuth as President and CEO, effective immediately. "Since joining KWESST as CFO it was clear that Sean brought the kind of skills and experience to take on a more...
2023-11-27 8:15 AM EST
KWESST Reports On ARWEN Growth Plan
Ottawa, Ontario--(Newsfile Corp. - November 13, 2023) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) (FSE: 62U) ("KWESST" or "the Company") today reported on plans to expand its ARWEN business, including the introduction of a new 40mm cartridge for third-party riot control launchers used when public protests turn violent. Scalable operating model The Company reported that it continues to accumulate back-orders for the ARWEN 37
2023-11-13 1:11 PM EST
KWESST Reports On Progress of DSEF Contract
Ottawa, Ontario--(Newsfile Corp. - November 6, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62UA); ("KWESST" or "the Company") today reported on the progress of the $136M Department of Defence (DND) program in Canada with its joint venture partners, Thales and Akkodis, as announced May 2nd, 2023 (the "DSEF contract"). All amounts in CAD. The Directorate Land Command Systems Program Management (DLCSPM) Software Engineering Facility ("DSEF")...
2023-11-06 9:36 AM EST
KWESST Announces Issuance of Shares in Payment of Certain Debts
Ottawa, Ontario--(Newsfile Corp. - October 31, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (NASDAQ: KWE) ("KWESST" or the "Company") announces that it intends to issue 46,706 common shares at a deemed price per share of CAD$2.09 in settlement of a debt in an amount of approximately CAD$97,615. The debt resulted in a tail obligation relating to services rendered by a third-party consultant, which the Company has elected to pay in common shares. The common shares to be issued pursuant to the...
2023-10-31 8:22 PM EDT