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In addition, concurrently with the closing of the Transaction, 31,600,000 subscription receipts of Exro ("Subscription Receipts") issued pursuant to the previously announced bought deal private placement of subscription receipts (the "Offering") were automatically converted into 31,600,000 Common Shares and the net proceeds of the Offering of approximately $27.85 million were released to Exro in accordance with the subscription receipt agreement dated February 16, 2024 between Exro, Canaccord Genuity Corp. and Odyssey Trust Company. Settlement of the Common Shares issued on conversion of the Subscription Receipts through the facilities of CDS Clearing and Depository Services Inc. will occur on April 8, 2024 with an effective issuance date of April 5, 2024. Exro intends to use the net proceeds from the Offering to support the business plan of the Combined Company, including but not limited to production, capital expenditures, working capital requirements, and normal course corporate and operating needs.
307,042,646 where just issued! 146,453,200 Common Shares and 160,589,446 Preferred Shares! Then the existing shares ! Outstanding Shares
170,121,819 before. = 477,164,465 !!! “Pursuant to the Transaction, former SEA Electric stockholders received 31.463 common shares of Exro ("Common Shares") and 34.4999 convertible preferred shares of Exro ("Preferred Shares") for each share of SEA Stock. As a result of the Transaction, Exro issued an aggregate of 146,453,200 Common Shares and 160,589,446 Preferred Shares and SEA Electric became an indirect wholly-owned subsidiary of Exro.”
Does anyone know what the new share count is ?
Ozdemir projected confidence in her company, pointing to expectations to deliver over $200 million in revenue this year, continuations of partnerships and technology developments as she called for patience amid the EV industry’s struggles.
https://sustainablebiz.ca/exro-steers-toward-stability-amid-disruptive-ev-transition
https://www.cummins.com/news/releases/2022/08/03/cummins-completes-acquisition-meritor
https://www.prnewswire.com/news-releases/meritor-announces-investment-in-sea-electric-301346525.html#:~:text=TROY%2C%20Mich.%2C%20Aug.,for%20urban%20delivery%20and%20logistics
https://www.prnewswire.com/news-releases/exro-announces-merger-with-sea-electric-to-create-leading-e-mobility-technology-company-302047903.html
https://www.reddit.com/r/ExroTechnologies/comments/1ak7zkp/sea_meritor_cummins_exro/?share_id=I4HmvFFaGhOrnRScssWMj&utm_content=1&utm_medium=android_app&utm_name=androidcss&utm_source=share&utm_term=1
After reading up on sea electric ! I’m liking this deal ! It moves Exro forward by leaps n bounds !
It's the guy who often does an analysis of EXRO news https://www.youtube.com/@ktmyannick
Can’t open the site you posted.
https://share.mindmanager.com/#publish/XOVaobSyAuMlmhrIvsdSmrcVJ791YmD7mqPKtJRd
https://share.mindmanager.com/#publish/GGpQqtuPumzB34enR1aJF3hbB3kALfffHFIUegGz
Market seems to be de-risking a little bit from merger newsExro and SEA unite EV tech platforms under merger
Jonathon Brown 2 days ago
Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company
PR Newswire 3 days ago
Exro and SEA Electric Announces Concurrent C$42 Million Capital Raise Transactions
PR Newswire 3 days ago
Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company and Concurrent C$42 Million Capital Raise Transactions
https://stockhouse.com/companies/news?symbol=t.exro
https://www.reddit.com/r/ExroTechnologies/comments/1aggq69/exro_presentation_with_sea_valuation_and_proforma/
https://www.smh.com.au/business/companies/from-verge-of-collapse-to-international-deal-ev-start-up-signs-with-global-giants-20230420-p5d22b.html
Shorts made a video
they must have a big following on Reddit. there was a live youtube event with CEO today answereing questions mailed in by individual investors. lots of them from that site, so that's probably where you need to go to get more discussion.
Is there another site out there where we might get more information on what is going on here?
Nice news today - It's happening.
EXRO$
Exro Cell Driver™ Energy Storage System Passes UL 1973 and Advances to Final Stage of UL Certification
https://finance.yahoo.com/news/exro-cell-driver-energy-storage-113000479.html
Today our buyer disappeared by mid-day.
I sure hope you guys have locked in your shares with a high sell price so that the mm's can't easily play their games. LONG EXRO
With tomorrow signaling the start of the 3rd quarter, I would think substantial news is imminent followed by a Nasdaq listing..
Yuri Lynk, an analyst for Capital Goods at Canaccord Genuity, just initiated coverage on EXRO on the TSX exchange…with a target price of $2.75 Canadian. EXRO-T responded by trading UP .15 CAD (7%) today.
Sue in TO tomorrow..
https://web.cvent.com/event/dbe3c94a-4deb-4fd9-bba7-85bc40713c53/summary
Our CEO, Sue Ozdemir, will be presenting Exro's vision for an electrified future at the Clean Buses Conference tomorrow. We look forward to engaging with industry leaders as we charge ahead to electrify Canada's bus fleets.⚡🚌
— Exro Technologies (@exrotech) May 24, 2023
To learn more, visit here: https://t.co/yBjqv8YF1z pic.twitter.com/HgwyvZ7wtB
Lol, yup .. a bit early ;).
And, that is the game you want to play at:
@benduck There will be investors licking their chops on a huge news day and a drop in share price...ONCE...they understand what is occurring. The first major revenue figures are becoming clearer as is the unadulterated validation of EXRO's products. Linamar is one of the best marketing center pieces EXRO could have planned and negotiated. 'More to follow' takes on a very valid and humble letter ending.
https://ceo.ca/exro?767d959db936
Going to be a nice move today .. enjoy!.
EXROF/EXRO$
Re. Exro Humvee powertrain kit. NEW video released:
12year…do you know if this job position is still open?
Exro Technologies Inc. (“Exro”, the “Company”, “us” or “we”) may offer and issue from time to time common shares of the
Company (the “Common Shares”), preferred shares of the Company (the “Preferred Shares”), debt securities (the “Debt
Securities”), warrants to purchase Common Shares, Preferred Shares, or Debt Securities (the “Warrants”), or any
combination thereof (the “Units”, and collectively with all of the foregoing, the “Securities”), up to an aggregate offering
price of $200,000,000 (or the equivalent thereof if the Securities are denominated in any other currency or currency unit)
during the 25-month period that this short form base shelf prospectus (this “Prospectus”), including any amendments
hereto, remains effective.
The Securities may be offered in amounts, at prices and on terms to be determined based on market conditions at the time
of sale and set forth in one or more accompanying prospectus supplements (each, a “Prospectus Supplement”).
https://www.sedar.com/CheckCode.do
New one and last one Vegas.. like the analysis:
2 EXRO YouTubers worth following:
Provides “color” on Company PR’s
1) https://youtube.com/@ktmyannick
Provides “color” on Trading “TA”
2) https://youtube.com/@ncbtrades
Wolong Electric Group is a world-famous industrial automation solution supplier and one of world’s top three motor manufacturers. Founded in 1984, the business covers more than 100 countries and regions around the world and ownership of a family of brands including ATB Group, Brook Crompton, GE Industrial Motors, and others. Wolong’s EV motor division was established in 2011, concentrating on R&D, manufacturing, and sales of electric vehicle motors. Over the last decade, the division has grown to a leader in new energy vehicle drive systems covering passenger cars, utility vehicles, sport utility vehicles, commercial vehicles, and light passenger vehicles. Since 2015, Wolong has maintained a greater than 10% market share of electric vehicle motors supported by one of the world’s most advanced intelligent manufacturing factories in the motor industry with an annual production capacity of 500,000 units.
Target key customers for the partnership’s motor-inverter powertrain solutions include Mercedes-Benz, Geely Automotive, ZF (which established a joint venture with Wolong in 2020), and others.
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Exro technology also applies the principle of managing “energy” as it converts at the individual level to lithium ion batteries. By managing the charge and discharge of energy at the individual cell level of a lithium ion battery, Exro’s aims to improve the battery performance and efficiencies, which should result in longer usage and possibly a second life of a battery.
Exro’s Dynamic Power Management system has evolved into an intelligent energy management system with broader applications. Exro is putting the intelligence into energy management and seeks to accelerate the global transition to clean energy.
Website: https://www.exro.com/
Recent Video Interviews
21 May 2020
https://www.youtube.com/watch?v=98Qf2oisM4c&feature=share
20 May 2020
https://investorintel.us14.list-manage.com/track/click?u=e095328b2a8caf17510e93758&id=b0c90cb489&e=7a34d6d184
Partnership News
June 15, 2020
Zero Motorcycles-Exro Technologies to Collaborate in Developing Advanced Coil Drive Powertrain for the Electric Motorcycle Market
https://www.exro.com/news/zero-motorcycles-exro-technologies-to-collaborate-in-developing-advanced-coil-drive-powertrain-for-the-electric-motorcycle/
February 6, 2020
Exro Enters Emerging Electric Snowmobile Sector
https://www.exro.com/news/exro-enters-emerging-electric-snowmobile-sector/
December 18, 2019
Exro Dramatically Improves e-Bike Performance
https://www.exro.com/news/exro-dramatically-improves-e-bike-performance-1/
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