Xtract One Technologies Inc. has closed its public offering, issuing 15,334,100 units at $0.75 per unit, raising $11,500,575.00. The offering included an over-allotment option exercised in full. Each unit includes one common share and one-half of one common share purchase warrant. The underwriters received a cash fee of $690,034.50 and 920,046 common share purchase warrants. Xtract One plans to use the proceeds for working capital and general corporate purposes. The securities have not been registered under the U.S. Securities Act of 1933. Xtract One is a technology-driven provider of threat detection and security solutions.

Read more at GlobeNewswire: Xtract One Closes $11.5M Bought Deal Public Offering