KWESST Micro Systems Inc. Announces Registered Direct Offering
Ottawa, Ontario--(Newsfile Corp. - August 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced that it has entered into definitive agreements for the purchase and sale of 4,715,000 common shares at a purchase price of US$0.20 per common share in a registered direct offering. In a concurrent private placement, the Company will issue unregistered warrants to purchase up to 4,715,000 common shares at an exercise price of...
2024-08-12 6:59 AM EDT
G7 Capital City Police Take Delivery of KWESST T-SAS Systems(TM) and Enter into Agreement to Trial KWESST Lightning(TM)
Ottawa, Ontario--(Newsfile Corp. - August 7, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced that a G7 capital city police service (the "Agency") has taken delivery of three T-SAS™ systems (previously announced as "Overwatch Commander" when the order was taken in 2023) and in conjunction has entered into an agreement (at the close of business on August 6) with the Company for a limited time free trial of KWESST...
2024-08-07 8:17 AM EDT
KWESST Micro Systems Inc. Announces Closing of United States Public Offering
Ottawa, Ontario--(Newsfile Corp. - June 14, 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 public offering of 2,900,000 common shares at a public offering price of US$0.58 per share, less the placement agent fees. The gross proceeds from the offering, before deducting placement agent fees of $0.0435 per common share (being an aggregate of US$126,150 or 7.5% of the...
2024-06-14 5:31 PM EDT
KWESST Micro Systems Inc. Announces Pricing of United States Public Offering
Ottawa, Ontario--(Newsfile Corp. - June 12, 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 best efforts public offering of 2,900,000 common shares at a public offering price of US$0.58 per share, for gross proceeds of approximately US$1,682,000, before deducting placement agent fees and offering expenses. All of the common shares are being offered by the Company. The offering is...
2024-06-12 8:15 PM EDT
KWESST Micro Systems Inc. Announces Proposed United States Public Offering
Ottawa, Ontario--(Newsfile Corp. - June 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: 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 a best efforts 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 the sole placement agent for the...
2024-06-12 5:08 PM EDT
KWESST Secures Contract Valued at up to $48M for Software Development Services with Thales Canada to Support Canadian Army Digital Modernization
Ottawa, Ontario--(Newsfile Corp. - June 10, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or the "Company") today reported that it has been awarded a sub-contract by Thales Canada. Under the sub-contract, KWESST will deliver specialized software services for work under the Canadian Department of National Defence Land C4ISR series of contracts to modernize the Canadian Army's capabilities through advanced land command, control,...
2024-06-10 8:54 AM EDT
KWESST Announces Change of Auditors
Ottawa, Ontario--(Newsfile Corp. - May 23, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") announces today the appointment of MNP LLP (the "Successor Auditor") as auditor for the Company until the close of the next annual general meeting. KWESST and the board of directors would like to extend their thanks to KPMG for their auditing services to date. About KWESST KWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE:...
2024-05-23 8:30 AM EDT
KWESST Receives NASDAQ Notification Regarding Minimum Bid Price Deficiency
Ottawa, Ontario--(Newsfile Corp. - May 20, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company"), announced today that the Company received written notification (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq") on May 16, 2024, indicating that the Company is not in compliance with the minimum bid price requirement set forth in the Nasdaq rules for continued listing on Nasdaq, which requires listed...
2024-05-20 6:22 PM EDT
KWESST Provides Update Regarding Auditor Change
Ottawa, Ontario--(Newsfile Corp. - May 20, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company"), wishes to advise that KPMG LLP, Chartered Professional Accountants (the "Predecessor Auditor"), has confirmed to the Company its intention to not stand for re-election at the Company's next annual general meeting of its shareholders (the "Meeting") and will not serve as the Company's auditor in respect of its fiscal year ended...
2024-05-20 8:30 AM EDT
KWESST Awarded Contract to Pilot Situational Awareness App for Canadian Red Cross, Company to Present KWESST Lightning(TM) to Canadian Association of Chiefs of Police
Ottawa, Ontario--(Newsfile Corp. - May 17, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") today announced that it has been awarded a contract with its teaming partner CounterCrisis Tech ("CCT") for a proof of concept project (the "Project") to provide a situational awareness app in support of Canadian Red Cross ("CRC") emergency and disaster relief operations. The Project is to commence at the end of May and be completed by October...
2024-05-17 8:15 AM EDT
KWESST Micro Systems Announces Q2 2024 Financial Results
Ottawa, Ontario--(Newsfile Corp. - May 16, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62UA) ("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2024 ("Fiscal 2024") second quarter ("Q2") 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- and six-month...
2024-05-16 8:45 AM EDT
KWESST Provides Corporate Update Ahead of Fiscal Q2 2024 Results
Ottawa, Ontario--(Newsfile Corp. - April 30, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT. U) ("KWESST" or the "Company") is pleased to report on progress in the business ahead of filing its fiscal Q2 financial results on May 14, and to provide an outlook of revenu
2024-04-30 8:40 AM EDT
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