- Patriot One Technologies (PAT) has received conditional approval from the TSX to change its name to Xtract One Technologies Inc.
- The name change is expected to take effect at the market opening on December 1, 2022
- Shareholders are not required to exchange their existing share certificates for new certificates
- Patriot One Technologies makes unobtrusive, AI-driven weapons and threat-detection systems
- Patriot One (PAT) opened trading at C$0.58
Patriot One Technologies (PAT) has received conditional approval from the TSX to change its name to Xtract One Technologies Inc.
The company expects the name change to take effect at the market opening on December 1, 2022.
The company’s common shares will trade under the new symbol XTRA. The new CUSIP of the common shares is 98422Q106, and the new ISIN is CA98422Q1063.
Two of the company’s subsidiaries will also change their names. Patriot One Detection Technologies Inc. will change its name to Xtract One (US) Technologies Inc., and Patriot One Detection Ltd. will change its name to Xtract One Detection Ltd.
Completion of the name change is subject to the receipt of final approval by the TSX.
Shareholders are not required to exchange their existing share certificates for new certificates. The name change does not affect the company’s share structure or the rights of the company’s shareholders.
The name change reflects a customer-focused approach to providing people-first technology security solutions that optimizes the user experience while advancing physical safety.
“This year, we announced a strategic rebranding to better communicate our values, capabilities and future ambitions,” said Peter Evans, CEO of Patriot One.
“Moving to a new stock ticker symbol is an extension of those changes. We continue to focus on delivering value to our investors, believing that the expansive physical security market is looking for solutions that enhance security while also improving the patron experience.”
Patriot One Technologies makes unobtrusive, AI-driven weapons and threat-detection systems.
Patriot One (PAT) opened trading at C$0.58.