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Risk Profile Improvements

  • Controlled Company (new) — CEO Menachem Shalom holds a warrant that would give him majority voting control if exercised, enabling him to control substantially all stockholder matters including director elections and mergers.
  • Super-Voting (new) — Series B Convertible Preferred Stock carries 10,000 votes per share; if the second tranche closes, holders would control at least 4 million votes, concentrating voting power and limiting common stockholders' influence.
  • Going Concern (new) — Management disclosed substantial doubt about the company's ability to continue as a going concern due to negative working capital, stockholders' deficit, and operating losses, though asserts plans alleviate the doubt.
NASDAQ: DFNS T3 Defense Inc. 424B3

T3 Defense resale prospectus: up to 30M shares by selling stockholders at $10.00/share

Filed July 1, 2026 · ~3 min read

IPO filing cluster

Same offering
  1. S-1 Jun 4, 2026 No report yet EDGAR →
  2. S-1/A Jun 25, 2026 No report yet EDGAR →
  3. 424B3 Jul 1, 2026 This filing EDGAR →

Key Changes

  • high

    This is a secondary offering — T3 Defense receives zero proceeds. All 30M shares (26.7M from Series B Preferred conversion, 3.3M from warrant exercise) are sold by existing investors; the company may receive ~$30M only if warrants are exercised for cash.

    Use of Proceeds verify on EDGAR →
  • high

    Implied post-offering market cap: $682.7M ($10.00 x 68.3M shares outstanding). If all Series B Preferred converts and warrants exercise, share count rises from 68.3M to 98.3M, diluting existing common holders by 44%.

    The Offering verify on EDGAR →
  • high

    CEO Menachem Shalom owns 20% of common stock and holds a warrant for 7.2M shares at $1.50; if exercised, he would control a majority of votes. Series B Preferred carries 10,000 votes per share (up to 4M votes if second tranche closes).

    Risk Factors verify on EDGAR →

5 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Generated by AI · Jul 1, 2026 8:30 PM