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CALGARY, AB, Sept. 4, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, announces that it has commenced a marketed public offering (the "Offering") of up to 85,715,000 units ("Units") of the Company, at a price of $0.35 per Unit (the "Offering Price"), for aggregate gross proceeds of up to approximately $30 million. The Offering will be conducted on a best efforts agency basis pursuant to the terms and conditions of an agency agreement to be entered into between the Company and Stifel Nicolaus Canada Inc. (the "Lead Agent") as lead agent and sole bookrunner, together with other members of an agency syndicate which may be formed in connection with the Offering (together with the Lead Agent, the "Agents"). Additionally, the Company has engaged Centurion One Capital Corp. to act as special advisor.
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