# EDGAR Filing Document

**Accession Number:** 0001889823
**File Stem:** 0001493152-23-000728
**Filing Date:** 2023-1
**Character Count:** 17332
**Document Hash:** c6e6ec74aa2be7bcfc31579b56b3253d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-000728.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001493152-23-000728

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**GROUP MEMBERS**: GLOBIS CAPITAL ADVISORS, L.L.C.

**GROUP MEMBERS**: GLOBIS CAPITAL MANAGEMENT, L.P.

**GROUP MEMBERS**: GLOBIS CAPITAL PARTNERS, L.P.

**GROUP MEMBERS**: GLOBIS CAPITAL, L.L.C.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KWESST Micro Systems Inc.
- **CENTRAL INDEX KEY:** 0001889823
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93837
- **FILM NUMBER:** 23513771

**BUSINESS ADDRESS:**
- **STREET 1:** 155 TERENCE MATTHEWS CRESCENT, UNIT #1
- **CITY:** KANATA
- **STATE:** A6
- **ZIP:** K2M 2A8
- **BUSINESS PHONE:** 613-319-0537

**MAIL ADDRESS:**
- **STREET 1:** 155 TERENCE MATTHEWS CRESCENT, UNIT #1
- **CITY:** KANATA
- **STATE:** A6
- **ZIP:** K2M 2A8
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PACKER PAUL
- **CENTRAL INDEX KEY:** 0001268460

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** (000)000 0000

**MAIL ADDRESS:**
- **STREET 1:** C/O GLOBIS CAPITAL PARTNERS LP
- **STREET 2:** 60 BROAD ST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Information Statement Pursuant to Rules 13d-1 and 13d-2**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 1)\***

**KWESST Microsystems Inc.**

(Name of Issuer)

Common Shares

(Title of Class of Securities)

501506604

(CUSIP Number)

December 31, 2022

(Date of Event which requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed;

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 501506604

1. Names
 of Reporting Persons: Globis Capital Partners, L.P. I.R.S.
Identification Nos. of above persons (entities only):

2. Check
the Appropriate Box if a member of a Group (See instructions) (a) ☐ (b)
 ☒

3. SEC
Use Only

4. Citizenship
or Place of Organization: Delaware

---

| | |
|:---|:---|
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;5. Sole Voting Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;6. Shared Voting Power: 262,893 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;7. Sole Dispositive Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;8. Shared Dispositive Power: 262,893 |

---

9. Aggregate
Amount Beneficially Owned by Each Reporting Person: 262,893

10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

11. Percent
of Class Represented by Amount in Row (9): 6.6%

12. Type
of Reporting Person (See Instructions) PN

CUSIP No. 501506604

1. Names
 of Reporting Persons: Globis Capital Advisors, L.L.C. I.R.S.
Identification Nos. of above persons (entities only):

2. Check
the Appropriate Box if a member of a Group (See instructions) (a) ☐ (b)
 ☒

3. SEC
Use Only

4. Citizenship
or Place of Organization: Delaware

---

| | |
|:---|:---|
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;5. Sole Voting Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;6. Shared Voting Power: 262,893 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;7. Sole Dispositive Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;8. Shared Dispositive Power: 262,893 |

---

9. Aggregate
Amount Beneficially Owned by Each Reporting Person: 262,893

10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

11. Percent
of Class Represented by Amount in Row (9): 6.6%

12. Type
of Reporting Person (See Instructions) OO

CUSIP No. 501506604

1. Names
 of Reporting Persons: Globis Capital Management, L.P. I.R.S.
Identification Nos. of above persons (entities only):

2. Check
the Appropriate Box if a member of a Group (See instructions) (a) ☐ (b)
 ☒

3. SEC
Use Only

4. Citizenship
or Place of Organization: Delaware

---

| | |
|:---|:---|
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;5. Sole Voting Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;6. Shared Voting Power: 262,893 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;7. Sole Dispositive Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;8. Shared Dispositive Power: 262,893 |

---

9. Aggregate
Amount Beneficially Owned by Each Reporting Person: 262,893

10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

11. Percent
of Class Represented by Amount in Row (9): 6.6%

12. Type
of Reporting Person (See Instructions) PN

CUSIP No. 501506604

1. Names
 of Reporting Persons: Globis Capital, L.L.C. I.R.S.
Identification Nos. of above persons (entities only):

2. Check
the Appropriate Box if a member of a Group (See instructions) (a) ☐ (b)
 ☒

3. SEC
Use Only

4. Citizenship
or Place of Organization: Delaware

---

| | |
|:---|:---|
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;5. Sole Voting Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;6. Shared Voting Power: 262,893 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;7. Sole Dispositive Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;8. Shared Dispositive Power: 262,893 |

---

9. Aggregate
Amount Beneficially Owned by Each Reporting Person: 262,893

10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

11. Percent
of Class Represented by Amount in Row (9): 6.6%

12. Type
of Reporting Person (See Instructions) OO

CUSIP No. 501506604

1. Names
 of Reporting Persons: Paul Packer I.R.S.
Identification Nos. of above persons (entities only):

2. Check
the Appropriate Box if a member of a Group (See instructions) (a) ☐ (b)
 ☒

3. SEC
Use Only

4. Citizenship
or Place of Organization: United States

---

| | |
|:---|:---|
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;5. Sole Voting Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;6. Shared Voting Power: 262,893 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;7. Sole Dispositive Power: 0 |
| &nbsp;&nbsp;Number of Shares Beneficially by Owned by Each Reporting Person with: | &nbsp;&nbsp;8. Shared Dispositive Power: 262,893 |

---

9. Aggregate
Amount Beneficially Owned by Each Reporting Person: 262,893

10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

11. Percent
of Class Represented by Amount in Row (9): 6.6%

12. Type
of Reporting Person (See Instructions) IN

**Item 1.**

---

| | |
|:---|:---|
| (a) | **Name of Issuer:** |
|  | KWESST Microsystems Inc |
| (b) | Address of Issuer's Principal Executive Offices: |
|  | 155 Terence Matthews Crescent, |
|  | Unit #1, |
|  | Ottawa, Ontario, Canada K2M 218 |

---

**Item 2.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Name of Person Filing:** 

This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1 promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the "Act"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Globis
 Capital Partners, L.P., a Delaware limited partnership ("Globis Partners"), with respect to shares of Common Stock (as
 defined in Item 2(d) below) directly held by it;

(ii) Globis
 Capital Advisors, L.L.C., a Delaware limited liability company ("Globis Advisors"), serves as the general partner of
 Globis Partners, with respect to shares of Common Stock directly held by Globis Partners;

(iii) Globis
 Capital Management, L.P., a Delaware limited partnership (the "Investment Manager"), which serves as investment manager
 to, and has investment discretion over the securities held by, Globis Partners, with respect to shares of Common Stock directly held
 by Globis Partners;

(iv) Globis
 Capital, L.L.C., a Delaware limited liability company ("GC"), which serves as the general partner of the Investment Manager,
 with respect to shares of Common Stock directly held by Globis Partners;

(v) Mr.
 Paul Packer ("Mr. Packer"), who is the Managing Member of Globis Advisors and GC, with respect to shares of Common Stock
 directly held by Globis Partners.

Globis Partners, Globis Advisors, the Investment Manager, GC, and Mr. Packer are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

---

| | |
|:---|:---|
| (b) | **Address of Principal Business Office or, if none, Residence** |
|  | The principal office and business address of Globis Partners, Globis Advisors, the Investment Manager, GC and Mr. Packer is: |
|  | 7100 W. Camino Real |
|  | Suite 302-48 |
|  | Boca Raton, FL 33433 |
| (c) | **Citizenship** |
|  | See Item 2(a) above and Item 4 of each cover page. |
| (d) | **Title of Class of Securities** |
|  | Common Shares |
| (e) | **CUSIP Number** |
|  | 501506604 |

---

**Item 3.** **If this statement is filed pursuant to §§240.13d-1(b) 240.13d-2(b) or (c), check whether the person is filing is a:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ **Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);** 

(b) ☐ **Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);** 

(c) ☐ **Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);** 

(d) ☐ **Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);** 

(e) ☐ **An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);** 

(f) ☐ **An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);** 

(g) ☐ **A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);** 

(h) ☐ **A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ☐ **A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);** 

(j) ☐ **Group, in accordance with §240.13d-1(b)(1)(ii)(J).** 

**Item 4.** **Ownership:**

A. Globis Capital Partners, L.P.

(a) **Amount beneficially owned:** 262,893

(b) **Percent of class:** 6.6%

(c) **Number of shares as to which such person has:**

(i) **Sole power to vote or direct the vote:** -0-

(ii) **Shared power to vote or direct the vote:** 262,893

(iii) **Sole power to dispose or direct the disposition:** -0-

(iv) **Shared power to dispose or direct the disposition:** 262,893

B. Globis Capital Advisors, L.L.C.

(a) **Amount beneficially owned:** 262,893

(b) **Percent of class:** 6.6%

(c) **Number of shares as to which such person has:**

(i) **Sole power to vote or direct the vote:** -0-

(ii) **Shared power to vote or direct the vote:** 262,893

(iii) **Sole power to dispose or direct the disposition:** -0-

(iv) **Shared power to dispose or direct the disposition:** 262,893

C. Globis Capital Management, L.P.

(a) **Amount beneficially owned:** 262,893

(b) **Percent of class:** 6.6%

(c) **Number of shares as to which such person has:**

(i) **Sole power to vote or direct the vote:** -0-

(ii) **Shared power to vote or direct the vote:** 262,893

(iii) **Sole power to dispose or direct the disposition:** -0-

(iv) **Shared power to dispose or direct the disposition:** 262,893

D. Globis Capital, L.L.C.

(a) **Amount beneficially owned:** 262,893

(b) **Percent of class:** 6.6%

(c) **Number of shares as to which such person has:**

(i) **Sole power to vote or direct the vote:** -0-

(ii) **Shared power to vote or direct the vote:** 262,893

(iii) **Sole power to dispose or direct the disposition:** -0-

(iv) **Shared power to dispose or direct the disposition:** 262,893

E. Paul Packer

(a) **Amount beneficially owned:** 262,893

(b) **Percent of class:** 6.6%

(c) **Number of shares as to which such person has:**

(i) **Sole power to vote or direct the vote:** -0-

(ii) **Shared power to vote or direct the vote:** 262,893

(iii) **Sole power to dispose or direct the disposition:** -0-

(iv) **Shared power to dispose or direct the disposition:** 262,893

**Item 5.** **Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐

**Item 6.** **Ownership of More than Five Percent on Behalf of Another Person.**

Not applicable.

**Item 7.** **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.**

Not applicable.

**Item 8.** **Identification and Classification of Members of the Group.**

Not applicable.

**Item 9.** **Notice of Dissolution of Group.**

Not applicable.

**Item 10.** **Certification.**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

<u>January 6, 2023</u> <br> Date

---

| |
|:---|
| */s/ Paul Packer* |
| Paul Packer, |
| individually and as managing member of: |
| (a) Globis Capital Advisors, L.L.C., |
| for itself and as the general partner of |
| Globis Capital Partners, L.P.; and (b) Globis Capital, L.L.C., for itself and as the general partner of Globis Capital Management, L.P., the Investment Manager of Globis Capital Partners, L.P. |

---

EXHIBIT 1

JOINT ACQUISITION STATEMENT

PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

DATED: January 6, 2023

---

| |
|:---|
| */s/ Paul Packer* |
| Paul Packer, |
| individually and as managing member of: |
| (a) Globis Capital Advisors, L.L.C., |
| for itself and as the general partner of |
| Globis Capital Partners, L.P.; and |
| (b) Globis Capital, L.L.C., |
| for itself and as the general partner of |
| Globis Capital Management, L.P., the Investment Manager of Globis Capital Partners, L.P. |

---