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Bullboard - Stock Discussion Forum 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... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc > raising capital
View:
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
Comment by SIMPLICITI1 on Oct 26, 2022 1:12pm
Gates2000000,  Nice try but that is not the only way to raise capital and I am sure you know it.  Having said that, the company has been straight forward and transparent with regards to capital needs so, I don't see where the issue is regardless of how they go about it.  Did you really expect this company to achieve cashflow positive commercialization with such a tiny cap ...more  
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