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Defence Holdings PLC on Friday said its shares have been approved to cross-trade on the OTC Market in the US, as it looks to fasten transatlantic ties in the artificial intelligence defence sector. The ’software-led defence company’ will trade in New York under the ticker ALDRF. This is part of a strategy to increase ‘collaboration with US hyperscale infrastructure partners and its role within the allied defence technology ecosystem’, it said. Besides boosting the company’s visibility and access to capital, Defence Holdings noted that cross-listing allows North American investors to participate directly in the UK’s sovereign AI defence sector. It is establishing an at-the-market equity issuance facility, intended as ‘a flexible mechanism to raise growth capital at prevailing market prices, avoiding the material discounts typically required for traditional block placings’. As part of the equity issuance facility, Defence Holdings has issued Fortified Securities 144.9 million shares, which Fortified will sell ‘within price and volume restrictions agreed with the company...when market conditions are suitable’. Its presentation at the Oracle AI World conference in Las Vegas next week will highlight technology for ‘for UK, US, and NATO defence customers.’ Chief Technology Officer Andrew McCartney commented: ‘Our invitation to Oracle AI World isn’t ceremonial. It reflects the fact that Defence Technologies is now operating at the centre of allied sovereign AI infrastructure. ‘Two products are in build, there are more in the pipeline, and hyperscale partnerships are accelerating.’ Defence Holdings said the new-build programmes are on track to meet validation milestones in the fourth quarter. Its shares were up 6.9% to 3.85 pence on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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