Some Sedar Details Take note of the Color Highlighted in the Sedar details
Exro Technologies (“Exro”) and SEA Electric (“SEA”) are engaged in planning a transformational business combination (the “Merger Transaction”)
• Merger Transaction to take form of a 100% all-share exchange with the pro forma entity to remain publicly traded on the TSX (EXRO) In conjunction with the Merger Transaction, the combined entity (“Exro-SEA” or the “Company”) will aim to raise $50M (US$37M) to fund the next leg of executing the commercialization of its technology solutions
• Private placement of subscription receipts for common shares in pro forma Exro-SEA • Lead order from a Canadian institutional investor
• Upon consummation of the Merger Transaction, Exro-SEA is contemplating a reverse stock split