Exro Announces Merger with to Create Leading e-Mobility Technology Company and Concurrent C$42 Million Capital Raise Transactions –
Summary
Our merger with SEA not only creates significant revenue and cost synergies, but positions Exro to amplify its growth with new partners while continuing to develop our existing relationships. When integrated with the Exro Coil Driver, the complementary technologies provide an end-to-end solution with enhanced performance and improved total cost of ownership for commercial vehicles. The Transaction secures first-mover advantage and the path to revenue is robust, backed by a strong leadership team committed to delivering to shareholders on the market opportunity.SEA is a global e-mobility technology company founded in Australia in 2012 and now headquartered in the USA. These risks and uncertainties include but are not limited to risks associated with the Combined Company realizing on the perceived benefit of the completion of the Transaction, general economic conditions, adverse industry events, loss of markets, access to capital, and other factors listed below and in Companys most recent annual information form and MD&A.These forward-looking statements and FOFI are based on the beliefs of the management of Exro and on assumptions which such management believes to be reasonable, based on information available at the time such statements were made. The Company does not undertake to update any forward-looking information, except as, and to the extent required by applicable securities laws.Neither the TSX nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release