Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Markcalgaryon Feb 02, 2023 12:51pm
255 Views
Post# 35262647

Terms of the warrants from the Sept financing

Terms of the warrants from the Sept financingNote the acceleration conditions..... hopefully this will happen:)))

Exro Technologies Inc. has closed its previously announced non-brokered private placement. Pursuant to the offering, Exro sold 1,403,756 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 and one share purchase warrant of the company, 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, provided that, if at any time after the closing date, the closing price of the common shares on the Toronto Stock Exchange, 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 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. The warrants are governed by the terms of a warrant indenture dated Sept. 20, 2022, between the company and Computershare Trust Company of Canada as warrant agent.
<< Previous
Bullboard Posts
Next >>