RE:Exro & SeaExro technology company said Tuesday it entered a merger agreement in which SEA stockholders would receive about 153.8 million Exro shares and 168.7 million non-voting convertible shares, together valued at roughly $248 million. Exro also will assume $46 million in SEA debt as part of the deal. Exro, which is focused on power control electronics for electric motors and batteries, said that at the same time it would raise about $22 million through the sale of subscription receipts of the company and has also made arrangements to receive $9 million of debt financing from a Canadian pension fund manager. The company said it plans to use the proceeds to support the business plan of the combined company, including production and working capital requirements.