VANCOUVER, British Columbia and WILMINGTON, Mass., March 12, 2025 (GLOBE NEWSWIRE) — Liberty Defense Holdings Ltd. (“Liberty” or the “Company“) (TSXV:SCAN, OTCQB:LDDFF, FRANKFURT: LD2A)), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, announces that it has filed amended and restated unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2024, and 2023 (the “Amended and Restated Financials”), which amends and restates the previously filed unaudited condensed interim consolidated financial statements and MD&A for the three and nine months ended September 30, 2024, and 2023.
The Amended and Restated Financials and MD&A were filed due to the following changes:
Correction of fair value reallocation of 60,000 warrants exercised by $15,275 (Note 11);
Correction of residual value of warrants granted by $135,587 (Note 11);
Correction of the calculation of fair value of 61,341 restricted shares units exercised by $191,799 (Note 11);
Correction of Battelle Patent minimum royalty payment for 2024; accrued for year to date $150,000 added to Intangible assets and $150,000 depreciated and included in cost of goods sold (Note 7);
Correction of 465,033 special warrants granted and converted into 465,033 units (Note 11);
Reclassification portion of the Parabilis loan from current to non-current (Note 8); and
Other immaterial changes.
The MD&A was also modified to include the above changes.
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty …