Post by
AnalogueMan on Sep 20, 2022 6:45pm
From today's news...
"With the closing of this private placement, and the agency agreement launched concurrently which closed on September 1st, Exro is capitalized to continue to our mission to innovate products that change how the world optimizes energy in e-mobility and stationary energy storage", said Chief Executive Officer Sue Ozdemir. "We understand that these are very challenging markets. We are pleased to have the support to close at the high end of our ‘up to $10 million’ financing target, bringing in sufficient capital to see the company through a pipeline of catalysts we are intent on delivering for shareholders, while also keeping dilution to a minimum. Over the coming days, weeks, and months, our focus is to continue to provide visibility to shareholders through purchase orders, strategic partnerships, pilots, and product deliveries, on the underestimated scalability of our revenue ramp as we move into commercialization of our energy storage system in Q2 2023 and Coil Driver series production in Q3 2023.”
Comment by
Gates2000000 on Sep 21, 2022 1:10am
QYESTION .THEY ONLY HAVE ENOUGH MONEY UNTIL JANUARY YES OR NO . WHEN DO THEY NEED TO RAISE MORE MONET FOR NEXT YEAR CASH BURN , DOES SOMEONE HAVE THE ANSWER
Comment by
SIMPLICITI1 on Sep 21, 2022 6:14am
Wow! All Caps! Typos! Read the press release......