Post by
Gates2000000 on Oct 25, 2022 10:10pm
raising capital
exro need to raise capital before the end of nevember . how much capital do they need and how much stock will they dump on to the markets .
Comment by
Exergy on Oct 25, 2022 10:31pm
To answer your question, check Exro webcast AMA on youtube at around 9min 30 Sec. John the CFO is expecting other type of financing to come through in the fall that's why he only targeted $10M to keep dilution to the minimum
Comment by
Gates2000000 on Oct 26, 2022 12:30pm
the only way to raise money is with selling shares
Comment by
Exrooooooo on Oct 26, 2022 12:45pm
they might be able to borrow against their $140m+ in POs. Either way, the company needs to be funded until the cheques start rolling in, but once the money rolls in it's party time