SCHEDULE: Ayrton Capital Discloses 6.12% Stake in DEFSEC Technologies
Beneficial Ownership Disclosure
Ayrton Capital LLC, Alto Opportunity Master Fund, and Waqas Khatri have disclosed a 6.12% beneficial ownership stake in DEFSEC Technologies Inc. through a Schedule 13G filing.
Summary
- Ayrton Capital LLC, Alto Opportunity Master Fund, SPC Segregated Master Portfolio B, and Waqas Khatri collectively reported beneficial ownership of 102,907 common shares of DEFSEC Technologies Inc.
- This represents a 6.12% stake in the company's common stock.
- The reported shares include 102,907 common shares issuable upon the exercise of certain warrants held by the reporting persons.
- The issuable shares are subject to a 9.99% beneficial ownership blocker.
- The percentage is calculated based on 1,579,174 outstanding common shares as of September 30, 2024, plus the 102,907 shares issuable from warrants.
- Alto Opportunity Master Fund holds the shares, with Ayrton Capital LLC serving as its investment manager, and Waqas Khatri as the managing member of Ayrton Capital LLC and a director of the Fund.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a neutral disclosure of beneficial ownership, indicating a passive investment without expressing explicit positive or negative sentiment about the company's performance or future prospects.
Positives
- Disclosure of a significant passive investment by institutional entities may signal confidence in DEFSEC Technologies Inc.
Risks
- No specific risks related to DEFSEC Technologies Inc. are disclosed in this beneficial ownership filing.
Future Outlook
NA
Industry Context
This filing indicates a passive investment by an investment manager and a fund in DEFSEC Technologies Inc., a company whose name suggests involvement in the defense and security technology sector. Such investments are common for institutional investors seeking exposure to specific industries or companies.
Stakeholder Impact
- Shareholders: Disclosure of a new significant passive investor may be viewed positively, potentially increasing market confidence or liquidity.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Date of outstanding shares calculation for percentage basis. |
| 2025-09-30 | Date of event requiring the filing of this statement and holdings of the Reporting Persons. |
| 2025-10-14 | Date of Issuer's Form 20-F/A filing, which stated the number of outstanding shares. |
| 2025-11-13 | Date of filing and signature. |
Keywords
DEFSEC Technologies, Ayrton Capital, Alto Opportunity Master Fund, Waqas Khatri, Schedule 13G, beneficial ownership, common shares, warrants, investment, passive stake
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