Patriot One Technologies (TSE:XTRA) has released an update.
Xtract One Technologies Inc. has announced a public offering of units and a simultaneous private placement with MSG Sports Ventures, aiming to allow MSG Sports to maintain its stake in the company. The offering, which includes common shares and warrants, is being managed on a best-efforts basis by Eight Capital and is subject to regulatory approvals, including the Toronto Stock Exchange. The final details, including the number of units and proceeds, will be determined by market conditions.
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