T3 Defense Sees Stock Shift as CFO Starts Ahead of Nasdaq Vote
T3 Defense Inc. shares are trading under a spotlight again as the aerospace-and-defense holding company swapped out its finance chief days ahead of a shareholder vote that may alter its capital structure. According to a June 11 filing, T3 Defense’s board brought in Roy Cohen as CFO, starting June 1, moving to fill a key finance post while the company faces a depressed stock price, risks of dilution, and challenges to its Nasdaq listing. DFNS ended Thursday at $0.2566, down 6.72%, Nasdaq data on Investing.com showed. By 09:08 EDT Friday, the pre-market quote was $0.3401, jumping from the last close and showing what can happen in low-priced stocks outside regular hours. DFNS was also trading near its 52-week low of $0.2515, far from the $17.2800 high. That kind of weakness can make raising money tougher and create headaches for staying listed.
