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XTRACT ONE ANNOUNCES $10 MILLION BOUGHT DEAL OFFERING
XTRACT ONE ANNOUNCES $10 MILLION BOUGHT DEAL OFFERING Canada NewsWire The Base She...
About this update from Xtract One Technologies Inc
[{"type":"text","content":"\n\n\nXTRACT ONE ANNOUNCES $10 MILLION BOUGHT DEAL OFFERING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nThe Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\nTORONTO, Nov. 3, 2025 /CNW/ - Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (\"Xtract One\" or the \"Company\"), a technology company driving the digital transformation of physical security through its AI-powered threat detection platform, is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Stifel Canada (collectively, the \"Underwriters\"), who have agreed to purchase, on a \"bought deal\" basis, 13,334,000 units (the \"Units\") of the Company at a price of $0.75 per Unit, for aggregate gross proceeds of $10,000,500 (the \"Offering\"). \nEach Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.95 at any time up to 36 months following the Closing Date (as defined below).\nThe Underwriters will also have the option, exercisable in whole or in part at any time on or up to 30 days after the Closing Date, to purchase up to an additional 2,000,100 Units, to cover over-allotments, if any, and for market stabilization purposes. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering will be $11,500,575.\nThe net proceeds of the Offering will be used for working capital and general corporate purposes.\nThe Offering is scheduled to close on or about November 10, 2025 (the \"Closing Date\") and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange...