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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 fleetwoodon Feb 02, 2023 12:23pm
175 Views
Post# 35262558

RE:RE:RE:my guess is that the announcement is soon......

RE:RE:RE:my guess is that the announcement is soon......How do we know which warrants are covered by the 2 releases?
The Warrants -- News release of December 05, 2022:
Each Warrant will be exercisable for one common share of the Company (each a "Warrant Share") for a period of five years from the date of issue, at an exercise price of $2.40 per Warrant Share, subject to adjustment in certain events.
If at any time following the date that is 4 months and one day following the Closing Date, the volume-weighted average trading price (the “VWAP”) of the common shares of the Company (the “Common Shares”) on the Toronto Stock Exchange (the “TSX”), or such other stock exchange where the majority where the trading volume occurs, exceeds or is equal to $4.80 per share for a period of twenty 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 press release announcing that it has exercised such acceleration right.
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