Post by
taltimbr on Jun 12, 2023 6:01pm
last share raising...
I wish Sue would have explained why they had to raise the finances and so quickly after they said that they were well funded.
IMO EXRO is the tier 1 supplier to SEA ELECTRIC who is the tier 1 and exclusive supplier to VOLVO and TOYOTA... informed Sea Electric that they needed their tier 1 suppliers to be well financed.
Exro then raised the capital of 34 mill to satisfy Volvo and Toyota's demands, since Exro will supply Sea Electric with the motor and coil driver, i wish this could have been made clear from the begining...
and again this is IMO only!
taltimbr
Comment by
ddogold on Jun 12, 2023 6:31pm
As per their NR announcing the closing of their financing the company stated that the funds would be used to invest in the DCA signed with Linamar . Sure would love to know how much , if anything , Linamar is contributing to this deal .
Comment by
Gates2000000 on Jun 12, 2023 6:55pm
i think we will kow more on Annual General and Special Meeting 2023 Jun 30, 2023
Comment by
SIMPLICITI1 on Jun 12, 2023 9:25pm
Taltimbr, I don't care one little bit about the reason(s) for the raise. The problem is that they failed to notify the market of their intention, which is particularly troubling post their Qarterly report.