Brodsky & Smith Announces an Investigation of EXROSHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Exro Technologies Inc. (OTC – EXROF) BALA CYNWYD – January 30, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Exro Technologies Inc. (“Exro Technologies” or the “Company”) (OTC – EXROF) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s merger with SEA Electric Inc. (“SEA Electric”). Under the terms of the transaction, immediately following the closing of the Transaction, Exro shareholders will own an approximate 34.5% economic stake in the combined company and SEA Electric shareholders will own an approximate 65.5% economic stake in the combined company.
The investigation concerns whether the Exro Technologies Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to Exro Technologies shareholders in the combined company.
If you own shares of Exro Technologies stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.