DEFSEC TECHNOLOGIES INC

Ticker: DFSC CUSIP: 244778106 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

ARMISTICE CAPITAL, LLC

Value ($000) $269 Shares 158,036

Tower Research Capital LLC (TRC)

Value ($000) $0 Shares 39

Institution	Shares	Value ($000)
ARMISTICE CAPITAL, LLC	158,036	$269
Tower Research Capital LLC (TRC)	39	$0

Exited Positions (4)

Warberg Asset Management LLC

Value ($000) $103 Shares 28,950

DRW Securities, LLC

Value ($000) $71 Shares 19,927

Value ($000) $3 Shares 800

NATIONAL BANK OF CANADA /FI/

Value ($000) $0 Shares 93

Institution	Prev Shares	Prev Value ($000)
Warberg Asset Management LLC	28,950	$103
DRW Securities, LLC	19,927	$71
UBS Group AG	800	$3
NATIONAL BANK OF CANADA /FI/	93	$0