DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.) (DFSC.WT.U) Warrant

TSXVCompany warrantstrike $1,0501/210 share per warrantexpires 2027-12-09updated 2026-10-05

Each DFSC.WT.U warrant gives the holder the right to buy 1/210 share of DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.) at $1,050 per share, until December 9, 2027. The stock last closed at $1.59, below the strike, so the warrant is out of the money. DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.) has a market value of about $7.19M. There are 6.57M listed warrants; exercising all of them would add 0.7% to the 4.52M shares outstanding.

Warrant price

$0.0050

last close

DFSC share price

$1.59

0% of strike

Market cap

$7.19M

4.52M shares

Time left

429 days

expires 2027-12-09

Dilution if exercised

0.7%

6.57M warrants

Key terms

Strike per share: $1,050
Shares per warrant: 1/210
Cash to exercise one warrant: $5.00
Expiry: 2027-12-09
Redemption trigger: none stated
Acceleration clause: none
Break-even stock price: $1,051

From the issuer's filing.

Company and stock

Company: DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.)
Underlying stock: DFSC
Share price: $1.59
Market cap: $7.19M
Shares outstanding: 4.52M
12-month range: $1.06 – $5.25
12-month change: -71%
Value of all listed warrants: $32.85K (0.5% of market cap)

Market cap is the last share price times shares outstanding (as of 2026-10-05).

Dilution

Shares outstanding: 4.52M
Listed warrants: 6.57M
Dilution if all exercised: 0.7%

Warrant count from TMX listing data (listed warrants).

Filings and events

—Terms source: filing

Questions about DFSC.WT.U

When does the DFSC.WT.U warrant expire?

DFSC.WT.U expires on December 9, 2027.

What is the strike price of DFSC.WT.U?

$1,050 per share; each warrant converts into 1/210 share, so exercising one warrant costs $5.00.

Can DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.) redeem the DFSC.WT.U warrants early?

The source filing we read lists no stock-price redemption trigger.

How many DFSC.WT.U warrants are outstanding?

6.57M listed warrants, equal to 0.7% dilution if all are exercised.

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