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Exro Technologies Inc. T.EXRO

Alternate Symbol(s):  T.EXRO.WT | EXROF

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Post by ragloon Feb 19, 2024 1:08am
242 Views
Post# 35887230

theforth seem so eager to accept this deal.

theforth seem so eager to accept this deal.Wonder why, sorry to diappoint but this is far from being  a fait accompli we will have a vote next month and the only shares that are locked up are present management and directors. This merger badly short change EXRO shareholders and whomever in EXRO that negotiated and accepted the value of EXRO with National Bank broke their fiduciary obligation, On Jan.8th the market cap of EXRO was $ 226.127 Million when National Bank analyst lowered target price to $2. we will see what date the fairness opinion was isued by National Bank. We are told that this merger have been  negotiating for months, so who was behind the steady selling to get the price down to the value of $1.05 so Canacord could refinance?  We will see! 
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