Stocks in play: Exro Technologies Inc.

·1 min read

Has entered into an amended agreement with Eight Capital and Raymond James Ltd., as lead underwriters and joint bookrunners on behalf of a syndicate of underwriters, pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 10,938,000 units of the Company at a price of $1.60 per Unit for aggregate gross proceeds of $17,500,800. Each Unit consists of one common share in the capital of the Company, and one half of one common share purchase warrant. Each Warrant is exercisable into one common share of the Company at an exercise price of $2.00 for a period of 36 months from the closing of the Offering. Exro Technologies Inc. shares T.EXRO are trading unchanged at $1.93.

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