Weekly summary1) the $25 mln raise might validate hrersay late stage non-dilutive finance was off the table, at least not this year
2) the late stage 3rd truck OEM started to disappear in latest updates
3) EU off highway NDA was confirmed to be put aside for lack of budget from NDA
4) EU motor NDA partner has been delayed for unreasonable months, likely off the table, exro said three motor partners are enough, TSA, wolong and one NDA, my guess the NDA could be no one as being shy so long and no progress
5) linamar eaxle emd15 is likely the model with exro coil driver, not inside workhorse, there could be no news until late 2025
6) exro talked nothing about iatf certification, whick is important, likely a lot later than expected
7) 25 cents options likely to be announced next week, interesting to watch