- Patriot One Technologies (PAT) has closed its public offering for total gross proceeds of $6,446,070
- The company issued 10,743,450 units at a price of $0.60 per unit
- The proceeds will be used for working capital and general corporate purposes
- Patriot One Technologies Inc is a Canadian-based security systems developer
- Patriot One Technologies Inc. (PAT) is up 4.0 per cent on the day, trading at C$0.52 per share at 1 pm ET
Patriot One Technologies (PAT) has closed its public offering for total gross proceeds of $6,446,070.
The company issued 10,743,450 units at a price of $0.60 per unit. Each unit consists of one common share and one share purchase warrant.
The offering was conducted through Echelon Wealth Partners Inc. as sole agent and bookrunner. The agent received a cash fee of $439,310 and 732,183 common share purchase warrants.
The proceeds will be used for working capital and general corporate purposes.
Patriot One Technologies Inc is a Canadian-based security systems developer. The company’s principal business is to commercialize a system to detect concealed weapons utilizing radar technologies.
Patriot One Technologies Inc. (PAT) is up 4.0 per cent on the day, trading at C$0.52 per share at 1 pm ET.
