Another investor wrote to exro about their offering. Exro's response I received regarding the private placement. I sent the email the day it was announced. Thank you for your email. Although we had financial runway well into 2021 our recent offering was led by a large, clean technology focused, institutional investor based in Europe. We felt strengthening our balance sheet and having new institutional shareholders was a strategic move for Exro moving forward. Jake Bouma VP Investor Relations Exro Technologies Inc.