An anonymous director reports

XTRACT ONE CLOSES $8M BOUGHT DEAL PUBLIC OFFERING

Xtract One Technologies Inc. has closed its previously announced bought deal public offering conducted by Ventum Capital Markets.

Pursuant to the offering, the company issued an aggregate of 20.7 million units at a price of 39 cents per unit for aggregate gross proceeds of $8,073,000, which includes the full exercise of the overallotment option granted to the underwriter. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant is exercisable into one common share until June 18, 2028, at an exercise price of 49 cents, subject to adjustment in certain events.

In connection with the offering, the underwriter received a cash fee of $565,110 and 1,449,000 common share purchase warrants. Each underwriter's warrant is exercisable into one common share at an exercise price of 39 cents until June 18, 2028.

Xtract One intends to use the proceeds of the offering for working capital and general corporate purposes.

About Xtract One Technologies Inc.

Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI (artificial intelligence) to deliver seamless and secure experiences. The company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing and delivering improved "walk-right-in" experiences while enhancing safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience.

We seek Safe Harbor.