Northwire Canada EditionFriday, October 23, 2026
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Financings

Xtract One Closes $11.5M Bought Deal Public Offering

XTRA · Price

Executive Summary

  • Xtract One Technologies closed its previously announced bought‑deal public offering, issuing 15,334,100 units at $0.75 per unit for total gross proceeds of $11,500,575.
  • The offering included the full exercise of the underwriters’ over‑allotment option, adding additional units to the issuance.
  • Proceeds will be used for working capital and general corporate purposes.

Key Details

  • Units issued: 15,334,100 (each unit = 1 common share + ½ warrant).
  • Price per unit: $0.75.
  • Aggregate gross proceeds: $11,500,575.00.
  • Warrant terms: Each warrant exercisable into one common share at $0.95 until November 10, 2028.
  • Underwriters’ compensation: Cash fee of $690,034.50 plus 920,046 underwriter‑issued common share purchase warrants (exercise price $0.75, expiry November 10, 2028).
  • Over‑allotment option: Fully exercised, increasing the total units issued to the amount above.
  • Use of proceeds: Working capital and general corporate purposes.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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