Exro Technologies and SEA Electric announce C$42m financing for business combination, including Exro's acquisition of SEA Electric, with completion by Q1 2024.

Exro Technologies and SEA Electric have announced concurrent equity and debt financings totaling C$42 million. The proceeds will be used to support their business combination, which includes Exro's acquisition of SEA Electric. The transaction is expected to close by the end of Q1 2024, subject to certain conditions including shareholder approval. Following completion of the transaction, the combined company will continue to operate under the name Exro Technologies Inc. and trade on the Toronto Stock Exchange under the ticker symbol "EXRO".

January 30, 2024
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