Exro Technologies Inc T.EXRO

RE:RE:RE:RE:RE:RE:RE:Anyone buying EXRO-WT? Up 70.45% today.

[tamaracktop]

These are the warrants I was referring to in my explanation.

 

CALGARY, AB, Sept. 20, 2022 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries and bridge the cost-performance gap to accelerate adoption of a circular electrified economy, announced today that it has closed its previously announced non-brokered private placement (the "Offering"). Pursuant to the Offering, Exro sold 1,403,756 units ("Units") at a price of $1.05 per Unit for aggregate gross proceeds of $1,473,945. Each Unit consists of one common share of the Company (each, a "Common Share") and one share purchase warrant of the Company (each, a "Warrant") entitling the holder thereof to acquire, subject to adjustment in certain circumstances, an additional Common Share at an exercise price of $1.36 for a period of 48 months following the closing of the Offering (the "Closing Date"), provided that if at any time after the Closing Date the closing price of the Common Shares on the Toronto Stock Exchange (the "TSX"), or such other stock exchange where the majority of the trading volume occurs, exceeds or is equal to $2.72 per Common Share (on a volume-weighted adjusted basis) for a period of twenty (20) consecutive trading days, the Company may, at its sole discretion, elect to accelerate the expiry date of the Warrants to the date that is 30 calendar days after the Company issues a news release announcing that it has exercised such acceleration right.
CALGARY, AB, Sept. 20, 2022 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries and bridge the cost-performance gap to accelerate adoption of a circular electrified economy, announced today that it has closed its previously announced non-brokered private placement (the "Offering"). Pursuant to the Offering, Exro sold 1,403,756 units ("Units") at a price of $1.05 per Unit for aggregate gross proceeds of $1,473,945. Each Unit consists of one common share of the Company (each, a "Common Share") and one share purchase warrant of the Company (each, a "Warrant") entitling the holder thereof to acquire, subject to adjustment in certain circumstances, an additional Common Share at an exercise price of $1.36 for a period of 48 months following the closing of the Offering (the "Closing Date"), provided that if at any time after the Closing Date the closing price of the Common Shares on the Toronto Stock Exchange (the "TSX"), or such other stock exchange where the majority of the trading volume occurs, exceeds or is equal to $2.72 per Common Share (on a volume-weighted adjusted basis) for a period of twenty (20) consecutive trading days, the Company may, at its sole discretion, elect to accelerate the expiry date of the Warrants to the date that is 30 calendar days after the Company issues a news release announcing that it has exercised such acceleration right.