Exro Technologies Inc., a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announced today that it has submitted an initial application to list on The Nasdaq Stock Market LLC (“Nasdaq”).
Pursuing a Nasdaq listing enables the Company to accelerate its business strategy in the United States and attract institutional and retail investors, while enhancing shareholder value. This initiative follows the Company’s U.S. headquarters in Mesa, Arizona announcement to further develop next-generation power electronics and aligns with its expansion plans to gain global presence.
“This year, the Exro team has made significant breakthroughs in bringing new solutions for electrification to market, “said Sue Ozdemir, Chief Executive Officer of Exro. “Listing on the Nasdaq, the second-largest stock exchange in the world, will be an important step in growing Exro’s brand and visibility while improving shareholder value as we progress on our journey to commercialization.”
The listing of the Exro’s common shares on Nasdaq remains subject to the review and approval of the listing application and the satisfaction of all applicable listing and regulatory requirements, including approval of a registration statement to be filed by the Company with the U.S. Securities and Exchange Commission. Exro’s common shares will continue to trade on the OTCQB under the ticker symbol “EXROF” until Nasdaq approval and up-listing. Exro will continue to maintain the listing of its common shares on the Toronto Stock Exchange under the trading symbol “EXRO”.
About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.
Exro’s advanced motor control technology, the Coil DriverTM, expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond.
For more information visit our website at www.exro.com.