Gatekeeper Announces Closing of its $11.5 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' Option

Core Viewpoint - Gatekeeper Systems Inc. successfully closed a brokered private placement, raising a total of $11.5 million through the issuance of 9,585,250 common shares at a price of $1.20 per share, including the full exercise of the underwriters' option [2][4]. Group 1: Offering Details - The private placement was led by Canaccord Genuity Corp. and included underwriters such as Raymond James Ltd. and Cormark Securities Inc. [2] - The offering was completed under the "listed issuer financing" exemption from prospectus requirements in Canada [3]. - The net proceeds from the offering will be utilized for working capital and general corporate purposes [4]. Group 2: Company Overview - Gatekeeper Systems Inc. specializes in video and data solutions aimed at enhancing safety in public transportation [6]. - The company has provided solutions to over 60 transit agencies and 3,500 school districts across North America, with more than 57,000 Mobile Data Collectors installed [6]. - Gatekeeper's business model is centered around its Platform-as-a-Service (PaaS) offering, which supports AI-assisted video analytics for incident management [6].