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Exro Technologies Proposes Merger with SEA Electric
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Exro Technologies Proposes Merger with SEA Electric

Exro Technologies (TSE:EXRO) has released an update.

Exro Technologies Inc. has announced a management information circular filing for its proposed merger with SEA Electric, aiming to enhance its electric vehicle technology sector position, accelerate growth, and chart a path to profitability. The merger promises shareholders benefits like technology and operational synergies, and an anticipated revenue increase. Shareholders are urged to review the circular and vote before the April 2, 2024 deadline, with a special meeting scheduled for April 4, 2024.

For further insights into TSE:EXRO stock, check out TipRanks’ Stock Analysis page.

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