These forward-looking statements include, but are not limited to, statements relating to the filing of the Prospectus Supplement, the timing and completion of the Brokered Offering and the Concurrent Private Placement, the satisfaction and timing of the receipt of required stock exchange approvals and other conditions to closing of the Brokered Offering and the Concurrent Private Placement and the intended use of the net proceeds of such financings. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". All statements, other than statements of historical facts, are forward-looking statements. This news release contains forward-looking statements and forward-looking information (together, " forward-looking statements") within the meaning of applicable securities laws. Media inquiries: Statement Regarding Forward-Looking Information United States investors: Vic Allgeier at 64 Investor inquiries: investors: Jake Bouma at 60 Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond.įor more information visit our website at Visit us on social media INFORMATION Exro enables the application to achieve more with less energy consumed.Įxro's advanced motor control technology, the Coil Driverᵀᴹ, expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Securities Act.Įxro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. person are as defined in Regulation S under the U.S. Securities Act and applicable securities laws of any state of the United States. person except in transactions exempt from the registration requirements of the U.S. Accordingly, the Units may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. Securities Act"), or any securities laws of any state of the United States. The Units have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Further information respecting the Brokered Offering and the Concurrent Private Placement may be found in the Prospectus Supplement, which is filed under the Company's profile at This press release does not constitute an offer to sell or a solicitation of an offer to buy any Units in the United States or to, or for the account or benefit of, a U.S. A commission of 6% is payable to the agents in respect of Units sold by them in the Brokered Offering.Ĭlosing of the Brokered Offering is not conditional upon the closing of the Concurrent Private Placement, and closing of the Concurrent Private Placement is not conditional upon the closing of the Brokered Offering. as lead agent and sole book-runner, and Stifel GMP, ATB Capital Markets Inc. The Brokered Offering is being made pursuant to an agency agreement dated Augamong the Company and National Bank Financial Inc. Each Unit consists of one common share of the Company and one share purchase warrant of the Company entitling the holder thereof to acquire, subject to adjustment in certain circumstances, an additional common share of the Company at an exercise price of $1.36 for a period of 48 months following closing. The Prospectus Supplement, with the accompanying short form base shelf prospectus dated Decem(the " Prospectus") qualifies the distribution of up to 8,400,000 units (the "Units") the Company at a price of $1.05 per Unit (the " Offering Price") for aggregate gross proceeds to the Company of up to $8,820,000. ( TSX: EXRO, OTCQB: EXROF) (the " Company" or " Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, is pleased to announce that it has filed a prospectus supplement (the " Prospectus Supplement") respect of the marketed public offering announced by the Company on Aug(the " Brokered Offering"). 25, 2022 (GLOBE NEWSWIRE) - Exro Technologies Inc. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESĬALGARY, Alberta, Aug.
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