Exro announces filing of final base shelf prospectus for $200,000,000

CALGARY — Exro Technologies Inc. announced that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, according to a company statement.

The shelf prospectus will provide for the potential offering in Canada of up to an aggregate of $200,000,000 of Exro’s subordinate voting shares, preferred shares, debt securities, warrants, subscription receipts and units from time to time over a 25-month period. Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.

The company stated that this shelf prospectus is filed with the intention of giving Exro the flexibility to take advantage of financing opportunities at its discretion and when market conditions are favourable.

Exro has also stated that the terms of such future offerings, if any, will be established at the time of such offerings. At the time any of the securities covered by the shelf prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities regulatory authorities.