What Happened
Defense Company Prepares for Potential Share Overhang
T3 Defense Inc. has filed a registration statement with the SEC to register 5.1 million shares of common stock for resale by selling stockholders. The shares include 1.1 million Conversion Shares from Series B Preferred Stock and 4 million Warrant Shares from Common Warrants. T3 Defense will not receive any proceeds from the resale of these shares, but it may receive up to $15 million if all registered Common Warrants are exercised for cash. The registration was reported by Stock Titan.