Exro Technologies (TSE:EXRO) has released an update.
Exro Technologies Inc. has secured overwhelming shareholder support for its impending merger with SEA Electric, achieving a 98.7% approval rate for the issuance of new shares tied to the merger agreement. This merger, anticipated to be finalized around April 5, 2024, will see Exro continuing under its current name and trading on the Toronto Stock Exchange. The partnership aims to enhance the company’s position in the clean technology sector, focusing on innovative electric motor and battery optimization technologies.
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