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Exro Technologies Inc T.EXRO

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

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

Comment by Wriggleson Dec 07, 2021 4:50pm
178 Views
Post# 34208098

RE:RE:RE:RE:DC Finance Investor Conference

RE:RE:RE:RE:DC Finance Investor Conference
Also, thanks for the update. 
 
I don't believe that the Nasdaq application will be posted on EDGAR. What should appear at some future date is a filing for an Exchange Act registration (eg, Form 40F) with SEC.  This is a prerequiste for a listing approval by Nasdaq.  Under the Multijurisdictional Disclosure System (MJDS) agreement between Canada and the US, qualified Canadian companies can market their securities in the US without having to duplicate the documentation that has already been submitted to Canadian authorities.  The SEC rarely reviews this documentation, hence the registration can be approved quickly.  I think that we will see an Exchange Act registration submitted (accompanied by a news release) once all of the other listing requirements have been met and Exro decides to proceed. Followed by Nasdaq approval in short order.  At least that's how I see it.
 
From the 17 Nov NR:  "The listing of the Exro's common shares on Nasdaq remains subject to the review and approval of the listing application and the satisfaction of all applicable listing and regulatory requirements, including approval of a registration statement to be filed by the Company with the U.S. Securities and Exchange Commission."
 
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