Exro Technologies Completes $8 Million Prospectus Offering

July 10, 2020

Exro Technologies Inc. (CSE:XRO) completed a public offering of 11,428,571 units for aggregate gross proceeds of $8 million. The offering was led by Gravitas Securities Inc. as the sole agent and sole book runner.

Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro's advanced motor control technology expands the capabilities of electric motors and powertrains.

Wildeboer Dellelce LLP acted for the agent in connection with the offering with a team that consisted of Michael Rennie, Carlye Bellavia, Melissa Smith and Emma Weiss (corporate/securities) and Katy Pitch and Marija Tasevska (tax).