A system for closing a wound tract after performing a percutaneous procedure is provided. The system includes a closure mechanism having a pair of arm portions that are arranged to adjust between an open and closed position. The closure mechanism includes an electrode that is electrically connected to a power source configured to provide an electrical current or waveform to the electrode. The closure mechanism can be delivered to the wound tract, where the arm portions are adjusted to their open configuration. The arm portions can be moved into engagement with the tissue surrounding the wound tract, where the arm portions can be opened further or closed to reduce the size of the wound tract. The waveform can be applied to the electrode to cauterize the wound, and the closure mechanism can be retracted.