Exro Technologies Inc T.EXRO

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

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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.

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Exro Technologies Inc > Soon time to award marks

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Post by tamaracktopon Aug 14, 2024 12:12pm

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Post# 36178701

Soon time to award marks

In only a few hours, we'll be in a far better position to judge the merits of these two "independent evaluations" of Exro's merger/acquisition of Sea

.CALGARY, AB, March 27, 2024 /PRNewswire/

- Exro Technologies Inc. ... announced today that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), leading independent proxy advisors, have both recommended that Exro shareholders vote in favour of the Share Issuance Resolution at the upcoming April 4, 2024, shareholder meeting pertaining to the proposed merger with SEA Electric Inc. ("SEA Electric").

Leading independent proxy advisors ISS and Glass Lewis recommend shareholders vote in favour of the Share Issuance Resolution.
ISS expects the combination to provide synergies, enhance scale, and provide human capital benefits through the leadership and expertise of senior executives of each entity.
Glass Lewis believes that the board has presented a sufficient case to support its view that the transaction presents an attractive strategic opportunity to combine complementary products and benefit from synergies.
Shareholders are encouraged to vote in advance of the proxy voting deadline on April 2, 2024, at 11 a.m. (Mountain Time).