02:21 PM EST, 02/05/2025 (MT Newswires) -- Zedcor ( ZDCAF ) on Wednesday said it closed its previously announced upsized bought-deal public share offering for gross proceeds of $25.3 million including over-allotment option, exercised in full.

The company intends to use proceeds for the accelerated expansion of its service platform across the U.S. and Canada, increased sales and marketing efforts, growth of its fleet of MobileyeZTM security towers to meet strong demand from its U.S. operations, other capital expenditures, working capital and general corporate purposes.

Shares of the company were last seen down $0.10, or 2.9%, at $3.34 on the TSX Venture Exchange.

Price: 3.34, Change: -0.10, Percent Change: -2.91