12:43 PM EDT, 06/18/2025 (MT Newswires) -- Xtract One Technologies ( XTRAF ) on Wednesday said it closed a bought-deal share-unit offering that raised $8.07 million, including the full exercise of the over-allotment option granted to the underwriter.

The company issued an aggregate of 20.7-million units at a price of $0.39 each. Each unit was made up of a shares and a three-year warrant to buy a second shares for $0.49.

The company said it plans to use the proceeds of the offering for working capital and general corporate purposes.

The company's shares were last seen down $0.005 to $0.35 on the Toronto Stock Exchange.

Price: 0.35, Change: -0.01, Percent Change: -1.41