EXROF - InvestorNewsBreaks - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) Files Shelf Prospectus
Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, announced that it has filed a preliminary and final short form base shelf prospectus. The prospectus was filed with securities regulatory authorities in each of the provinces and territories of Canada. According to the announcement, Exro filed the shelf prospectus in order to take advantage of various financing opportunities if the company desires. The prospectus, which is subject to securities regulatory requirements, allows the potential offering in Canada of up to an aggregate of C$2 million of Exro's subordinate voting shares, preferred shares, debt securities, warrants, subscription receipts and units over a 25-month period after Canadian securities regulatory authorities have noted receipt of the final short form base shelf prospectus. The company noted that the shelf registration statement filed has not yet become effective.
To view the full press release, visit https://ibn.fm/q0nwNAbout Exro Technologies Inc.
Exro is a clean-technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators and batteries. Exro enables the application to achieve more with less energy consumed. Exro's advanced motor control technology, the Coil Driver(TM), expands the capabilities of powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring its technology to the electric mobility industries and beyond. 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
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