Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company focused on developing new-generation, power-control electronics that expand the capabilities of electric motors and batteries, has filed a management information circular regarding its proposed merger with SEA Electric Inc. According to the announcement, filing the circular, which provides comprehensive information about the previously announced proposed transaction, marks another milestone in the merger process. Bringing the two companies together will leverage complementary technologies to strengthen Exro’s position in the electric vehicle technology sector, accelerate growth and create a defined path to profitability, the company noted. Next steps in the process involve shareholders reviewing the information circular and then voting online by the deadline. A special meeting of shareholders has been scheduled for April 4, 2024, at 11 a.m. MT to approve the transaction.
“The circular sets out the compelling case for shareholders to approve Exro’s merger with SEA Electric,” said Exro CEO Sue Ozdemir in the press release. “We are at the inflection of a great step forward, combining our collective strengths to build on our OEM partnerships and combined technology to make electric vehicles more practical, with a lower total cost of ownership.”
To view the full press release, visit https://ibn.fm/32r38
About Exro Technologies Inc.
Exro Technologies is a leading clean-technology company that has developed new-generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility — Exro’s Coil Driver(TM) — and stationary energy storage — Exro’s Cell Driver (TM) — and act to accelerate adoption toward a circular electrified economy by delivering more with less, minimum energy for maximum results. For more information about the company, please visit www.Exro.com.
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]
InvestorWire is powered by IBN