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T3 Defense draws $3 million bridge note with December deadline as Series B sits pending

9/13/2026

(Nasdaq: DFNS) is that the $3 million Term Note it executed on September 8 is routine bridge financing ahead of a larger equity close.

What complicates it: the institutional lender on the other end of that note already agreed in February to put $10 million into T3 Defense via a Series B Convertible Preferred Stock purchase, and that deal has not closed.

The maturity structure is the mechanism.

Repayment falls due at the earliest of three triggers: a December 8, 2026 hard date, the closing of the $10 million Series B as contemplated by the Securities Purchase Agreement dated February 24, 2026, or the completion of any other financing with gross proceeds of at least $3 million.