DFNS Stock Catalyst: T3 Defense Issues 21.06M Common Shares, $1.25M Note To Acquire 60% Equity Capital Of Project 35

T3 Defense Inc. (Nasdaq: DFNS) issued 21.06 million common shares and a $1.25 million note to acquire 60% of the outstanding equity capital of Project 35. The company also has an obligation to deploy $2.5 million in the project over the next 12 months.

The transaction involved the issuance of 21.06 million common shares and a $1.25 million note. T3 Defense acquired 60% of the outstanding equity capital of Project 35 and committed to deploying $2.5 million in the project within the next year.

T3 Defense Inc. has a free float of 11,988,780 shares.

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