EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES
EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES
CALGARY, AB, Dec. 20, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides new-generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to provide an update on the settlement of interest payments through the issuance of common shares.
卡爾加里，阿爾伯塔省，2024年12月20日 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF)，一家領先的清潔科技公司，提供新一代電力控制電子設備，擴展電動機和電池的能力，欣然提供興趣支付通過發行普通股進行結算的更新。
Pursuant to the terms of the C$15,000,000 secured convertible debentures of the Company issued on December 30, 2022 (the "Debentures"), bearing interest at 12% per annum, payable semi-annually in arrears beginning on June 30, 2023 (the "Due Date"). As of December 20, 2024 the Company has 14,950 debenture units outstanding, and an aggregate amount of interest owing on the Debentures payable of C$897,000 (the "Interest"). The Company has elected to issue 6,407,141 common shares in the capital of the Company ("Common Shares") at a deemed price of $0.14 to the debenture holders as payment for the interest. Pursuant to the Debentures, the deemed issue price per Common Share is calculated based on the volume weighted average trading price of the Common Shares for the five trading days immediately prior to December 20, 2024.
根據公司於2022年12月30日簽發的1,500萬加元擔保可轉換債券（"債券"）的條款，利率爲每年12%，按半年支付，自2023年6月30日開始（"到期日"）。截至2024年12月20日，公司尚有14,950個債券單位在外，債券應付的利息總額爲897,000加元（"利息"）。公司已選擇向債券持有人發行6,407,141股公司普通股（"普通股"），每股以0.14美元的認定價格作爲利息的支付。根據債券，普通股的認定發行價格是基於截止到2024年12月20日的五個交易日的普通股成交量加權平均交易價格進行計算的。
The issuance of the Common Shares as payment for interest owing on the Debentures is subject to the terms and conditions of the Debentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the Toronto Stock Exchange.
作爲利息支付的普通股發行須遵循債券的條款和條件，以及獲得所有必要的批准，包括但不限於多倫多證券交易所的批准。
About Exro Technologies Inc.
關於Exro Technologies Inc.
Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver, Cell Driver, and SEA-Drive, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.
Exro Technologies Inc. 現在通過對Sea Electric的戰略收購而擴展，是一家領先的清潔科技公司，開發了新一代電力控制電子設備。其創新的解決方案系列，包括線圈驅動器、電芯驅動器和Sea-Drive，擴展了電動機和電池的能力，併爲原始設備製造商提供無與倫比的性能和效率的全面電推進解決方案。Exro正在重塑全球能源消費，加速向循環電氣化經濟的轉變，以實現少投入換取更高產出的目標。
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SOURCE Exro Technologies Inc.
來源：Exro Technologies Inc.
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