DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.) (DFSC.WT.U) Warrant
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.
DFSC vs strike, last 12 months
No share-price history for DFSC yet.
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
- Cashless exercise
- —
- 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
- Value of all listed warrants
- $32.85K (0.5% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-10-03).
Model value vs price Pro
- Model value
- Last price
- $0.0050
- Price / model
Get Pro to see whether DFSC.WT.U is cheap or rich against our model.
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
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.