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Exro Technologies Inc T.EXRO

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

Industrials
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

Exro Technologies Inc > Nasdaq Conditional Approval
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Comment by Iseneschalon Feb 09, 2022 4:22pm
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Post# 34414181

RE:Nasdaq Conditional Approval

RE:Nasdaq Conditional Approval
Wriggles wrote:
 
"Conditional" probably means conditional on SEC first approving EXRO's Form F40 registration (declaring it "effective").  This is the earliest date that EXRO can commence trading on the Nasdaq.  Notices of Effectiveness are listed on EDGAR at  https://www.sec.gov/cgi-bin/browse-edgar?action=geteffect   This list is updated daily by SEC.
 
I don't believe that EXRO will execute until its can achieve a respectable share price.  Its SP yesterday was below the Nasdaq $1USD 'delisting' price. 
 
Canadian companies uplist to Nasdaq to increase visibility and to gain access to the US capital markets.   Limping in with a minimal SP is not conducive to attracting US institutional investors IMO.  
 


Looks like they applied in Jan 04/22.... I believe the process could be between 6 - 12 months til uplisted. Here is the F40 form.....

https://www.bamsec.com/filing/145976222000008?cik=1459762

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