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.
卡尔加里，阿尔伯塔省，2024年12月20日 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF)，一家领先的清洁科技公司，提供新一代电力控制电子设备，扩展电动机和电池的能力，欣然提供兴趣支付通过发行普通股进行结算的更新。
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.
根据公司于2022年12月30日签发的1,500万加元担保可转换债券（"债券"）的条款，利率为每年12%，按半年支付，自2023年6月30日开始（"到期日"）。截至2024年12月20日，公司尚有14,950个债券单位在外，债券应付的利息总额为897,000加元（"利息"）。公司已选择向债券持有人发行6,407,141股公司普通股（"普通股"），每股以0.14美元的认定价格作为利息的支付。根据债券，普通股的认定发行价格是基于截止到2024年12月20日的五个交易日的普通股成交量加权平均交易价格进行计算的。
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.
作为利息支付的普通股发行须遵循债券的条款和条件，以及获得所有必要的批准，包括但不限于多伦多证券交易所的批准。
About Exro Technologies Inc.
关于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. 现在通过对SEA Electric的战略收购而扩展，是一家领先的清洁科技公司，开发了新一代电力控制电子设备。其创新的解决方案系列，包括线圈驱动器、电芯驱动器和SEA-Drive，扩展了电动机和电池的能力，并为原始设备制造商提供无与伦比的性能和效率的全面电推进解决方案。Exro正在重塑全球能源消费，加速向循环电气化经济的转变，以实现少投入换取更高产出的目标。
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SOURCE Exro Technologies Inc.
来源：Exro Technologies Inc.
