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Canadian weapons maker Kwesst uplists to Nasdaq, raises $13M in two offerings

Abbreviation IPO composed of wooden letters.

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Canadian weapons developer Kwesst Micro Technologies (KWE) (OTCQB:KWEMF) (TSXV:KWE:CA) stock fell 36% Wednesday after it uplisted its shares to Nasdaq and raised an aggregate of $13M from simultaneous US and Canadian offerings.

Shares of Kwesst opened at $2.90, reaching a

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