EXROF - Exro Receives Favourable Recommendations from Leading Proxy Advisory Firms ISS and Glass Lewis in Support of the Share Issuance Resolution in SEA Electric Merger | Benzinga
- Leading independent proxy advisors ISS and Glass Lewis recommend shareholders vote in favour of the Share Issuance Resolution.
- ISS expects the combination to provide synergies, enhance scale, and provide human capital benefits through the leadership and expertise of senior executives of each entity.
- Glass Lewis believes that the board has presented a sufficient case to support its view that the transaction presents an attractive strategic opportunity to combine complementary products and benefit from synergies.
- Shareholders are encouraged to vote in advance of the proxy voting deadline on April 2, 2024, at 11 a.m. (Mountain Time).
CALGARY, AB, March 27, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX:EXRO) (OTCQB:EXROF) (the "Company" or "Exro") announced today that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), leading independent proxy advisors, have both recommended that Exro shareholders vote in favour of the Share Issuance Resolution at the upcoming April 4, 2024, shareholder meeting pertaining to the proposed merger with SEA Electric Inc. ("SEA Electric").