KWESST reports highlights of SHOT ShowTM 2023, January 17-20, Las Vegas
Ottawa, Ontario--(Newsfile Corp. - January 30, 2023) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62UA) ("the Company" or "KWESST"), a developer of next-generation tactical systems for military, security, and personal defense markets, today reported on the highlights of the 2023 SHOT SHOW where the Company's new PARA OPS products and its ARWEN non-lethal launcher were showcased, January 17-20 in Las Vegas. "The purpose of exhibiting was to introduce our...
2023-01-30 8:30 AM EST
KWESST Delivers Phantom(TM) Electronic Decoy to General Dynamics Land Systems - Canada for U.S. Marine Corps Advanced Reconnaissance Vehicle Military Program
Ottawa, Ontario--(Newsfile Corp. - December 14, 2022) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (the "Company" or "KWESST") today announced that it has delivered the first PhantomTM system to General Dynamics Land Systems ("GDLS-C") as part of GDLS-C's bid for several hundred next-generation reconnaissance vehicles for the U.S. Marine Corps (the "USMC"). Today's announcement is further to the Company's press release of November 12, 2021 stating that GDLS-C has...
2022-12-14 8:47 AM EST
KWESST Provides Corporate Update Following NASDAQ Listing and Completion of Financing
Ottawa, Ontario--(Newsfile Corp. - December 12, 2022) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("the Company" or "KWESST"), a developer of next-generation tactical systems for military, security, and personal defense markets, today provided a corporate update following successful closing of its Nasdaq listing and $14.1 million financing, as announced December 7th
2022-12-12 8:09 AM EST
KWESST Micro Systems Inc. Announces Closing of Public Offerings for $14.1 Million in Aggregate Gross Proceeds
Ottawa, Ontario--(Newsfile Corp. - December 9, 2022) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (the "Company" or "KWESST") today closed its previously announced underwritten U.S. public offering (the "U.S. Offering") and underwritten Canadian offering (the "Canadian Offering"). In the U.S. Offering, the Company sold 2,500,000 units at a public offering price of USD $4.13 per unit, consisting of one share of common stock and one warrant to purchase one share of...
2022-12-09 4:00 PM EST
KWESST Micro Systems Inc. Announces Closing of Public Offerings for USD $14.1 Million in Aggregate Gross Proceeds
Ottawa, Ontario--(Newsfile Corp. - December 9, 2022) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (the "Company" or "KWESST") today closed its previously announced underwritten U.S. public offering (the "U.S. Offering") and underwritten Canadian offering (the "Canadian Offering"). In the U.S. Offering, the Company sold 2,500,000 units at a public offering price of USD $4.13 per unit, consisting of one share of common stock and one warrant to purchase one share of...
2022-12-09 11:58 AM EST
KWESST Announces Shares for Debt Settlements
Ottawa, Ontario--(Newsfile Corp. - December 7, 2022) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62U) ("KWESST" or "the Company") today announced that it has entered into share for debt arrangements with existing lenders, subject to the closing of the U.S. public offering, the pricing for which was announced on December 6, 2022. This will result in issuing 56,141 units (the "Units") to settle loans in an aggregate amount of USD$232,112, including unpaid accrued...
2022-12-07 3:32 PM EST
KWESST Confirms Details of the US IPO and Canadian Offering
Ottawa, Ontario--(Newsfile Corp. - December 6, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announces the pricing of (i) the Company's initial public offering (the "US IPO") in the United States of 2,500,000 units (the "US Units"), at a price of US$4.13 per US Unit and (ii) the Company's simultaneous Canadian public offering (the "Canadian Offering") of 726,392 units (the "Units") at a price of US$4.13 per Unit. The aggregate gross proceeds from both...
2022-12-06 10:25 PM EST
KWESST Micro Systems Inc. Announces Pricing of Public Offering and Nasdaq Listing
Ottawa, Ontario--(Newsfile Corp. - December 6, 2022) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (the "Company" or "KWESST") today announced the pricing of an underwritten U.S. public offering of 2,500,000 units, each consisting of one common share and one warrant to purchase one common share at a price to the public of USD $4.13 per unit. The warrants have a per share exercise price of USD $5.00, can be exercised immediately, and expire five years from the date of...
2022-12-06 10:16 PM EST
KWESST Announces Share Consolidation
Ottawa, Ontario--(Newsfile Corp. - October 26, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") announces, subject to the final approval of TSX Venture Exchange (the "TSXV"), the consolidation of its common shares on the basis of one post-consolidation common share for every seventy pre-consolidation common shares issued and outstanding effective as of 12:01 am on October 28, 2022. The common shares are expected to begin trading on a consolidated basis on the TSXV on...
2022-10-26 7:30 PM EDT
KWESST Announces Public Offering of Units in Canada
Ottawa, Ontario--(Newsfile Corp. - September 13, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") announced today that it has commenced an underwritten public offering in Canada of units for gross proceeds of approximately USD$3 million (the "Offering"). Each unit (a "Unit") is comprised of one common share in the capital of KWESST (a "Share") and a common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to purchase one additional common share...
2022-09-13 1:41 PM EDT
KWESST Completes Loan Financing
Ottawa, Ontario--(Newsfile Corp. - August 29, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced that it has closed two non-secured loans in the amount of USD$200,000 per loan with a third-party lender ("Lender") for an aggregate amount of USD$400,000 (the "Loans"). The Loans bear interest at a rate of 6.0% per annum, compounded monthly and not in advance, and have a maturity of twelve months, with the Company having the option to repay the whole or any...
2022-08-29 10:44 AM EDT
KWESST Publicly Files a Registration Statement with the United States Securities and Exchange Commission for a Proposed Registered Offering in the United States and Dual-Listing on the Nasdaq Capital Market
Ottawa, Ontario--(Newsfile Corp. - August 16, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or the "Company") announced today that it has publicly filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (the "SEC") relating to a proposed public offering of common units, consisting of one common share and a warrant to purchase one common share, and pre-funded units, consisting of a pre-funded warrant to purchase...
2022-08-16 8:07 AM EDT
KWESST Announces Grant of Stock Options
Ottawa, Ontario--(Newsfile Corp. - July 27, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company") announces it has awarded stock options pursuant to its Long-Term Performance Incentive Plan, to its Chief Financial Officer to purchase up to an aggregate of 100,000 common shares of the Company. The stock options are exercisable at a price of $0.205 per share and will expire on July 22, 2027. About KWESST KWESST (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U)...
2022-07-27 10:41 PM EDT
KWESST Announces Closing of Private Placement of Units for Gross Proceeds of $344,000
Ottawa, Ontario--(Newsfile Corp. - July 14, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company") is pleased to announce the closing of a non-brokered private placement of 1,600,000 units at a price of $0.215 per unit, for aggregate gross proceeds to KWESST of $344,000. "As a result of a close business associate's expression of interest to further increase their investment in the Company, along with certain insiders, we welcome this additional capital to...
2022-07-14 10:52 PM EDT
KWESST Receives Contract Award to Integrate New Incident Command Centre and Ground Search and Rescue Application Into ATAK
Ottawa, Ontario--(Newsfile Corp. - July 7, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or the "Company"), a developer of next-generation tactical systems for military, security, and personal defense markets, today announced that it has been awarded a three-year contract by CounterCrisis Technology Inc. ("CC-T") to design, develop, and implement a significant component of a national Ground Search and Rescue Incident Command System (GSAR ICS) for Public...
2022-07-07 8:25 AM EDT
KWESST Micro Systems Inc. Interview to Air on Bloomberg U.S. on The RedChip Money Report
Ottawa, Ontario--(Newsfile Corp. - June 3, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF), a developer of next-generation tactical systems for military, security, and personal defense markets, today announced that an interview with Executive Chairman David E. Luxton will air on The RedChip Money Report® on Bloomberg TV, June 4, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the United States. The RedChip Money Report® is produced...
2022-06-03 10:17 AM EDT
KWESST Showcases Latest in Next-Generation Tactical Systems at CANSEC 2022 Defence and Security Expo, June 1-2, EY Centre, Ottawa, Canada
Ottawa, Ontario--(Newsfile Corp. - June 1, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or "the Company"), a developer of next-generation tactical systems for military, security, and personal defense markets, today announced its featured systems lineup to be showcased at Canada's annual defence and security expo, CANSEC, June 1-2, at the EY Centre, Booth 1435. Military and security force d
2022-06-01 11:39 AM EDT
Statement from KWESST's Chief Garcia on Texas Mass Shootings
Ottawa, Ontario--(Newsfile Corp. - May 31, 2022) - Daniel V. Garcia, former Chief of Police of the Phoenix Police Department and Assistant Chief of Dallas Police Department and leader of KWESST Micro Systems Inc.'s (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or the "Company") expansion in the field of critical incident management solutions for the public safety market, today made the following statement regarding the tragic shooting in Uvalde, Texas: "KWESST recently announced our entry...
2022-05-31 12:06 PM EDT
Persistent Systems Designates KWESST as Authorized Integrator
Ottawa, Ontario--(Newsfile Corp. - May 24, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or "the Company"), a developer of next-generation tactical systems for military, security, and personal defense markets, today announced that New York-based Persistent Systems, LLC ("Persistent"), an industry leader in mobile ad hoc
2022-05-24 8:37 AM EDT
Elisabeth Preston to Retire from KWESST Board and Step Down as Corporate Secretary; Expected U.S. Replacement for Board Seat Pending
Ottawa, Ontario--(Newsfile Corp. - May 19, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or "the Company"), a developer of next-generation tactical systems for military, security, and personal defense markets, today announced that Elisabeth Preston will be retiring as director and Corporate Secretary effective immediately. Ms. Preston joined the KWESST board February 21st, 2021 and has also served since then as Corporate Secretary. Her exit is precipitated...
2022-05-19 10:42 AM EDT