Exro Technologies Updates on Major Milestones for Growth Initiatives

Exro Technologies Updates on Strategic Milestones



Introduction
Exro Technologies Inc., a leader in clean technologies specializing in power control solutions, recently provided insights into its progress towards key strategic milestones as part of a major $30 million credit facility. Announced on May 16, 2025, the roadmap for this financing initiative has demanded specific performance markers that the company is actively pursuing. This article highlights Exro's ongoing development and efforts to advance its business objectives.

Postponement of Debenture Security


As part of the credit facility requirements, Exro had to either delay security arrangements for its outstanding $15 million debentures, introduced via an indenture dated December 30, 2022, or redeem these debentures with company shares. Recently, changes to the indenture have granted the lender from the credit facility a priority security interest over most of Exro's assets, which positions the Convertible Debentures as secondary in priority. This adjustment aligns the debentures with previously issued secured notes totaling approximately $70.8 million.

Moreover, the amendment introduces a standstill period of 120 days regarding certain rights enforcement by debenture holders if an event of default occurs. This crucial amendment was ratified by over 66.67% of the outstanding debenture holders, reinforcing Exro’s financial stability. The updated and restructured indenture, adopted on July 11, 2025, can be accessed in full through the company's profile on SEDAR.

Exro expressed appreciation to the convertible debenture holders for their cooperation and support in achieving this milestone.

Strategic Review


The current strategic review, initially discussed in the May 16 announcement, remains in full swing and is demonstrating positive progress. Exro has received an extension for the milestone requiring demonstration of active participation with three credible strategic partners, stretching the deadline from July 15 to July 31, 2025. This strategic engagement is crucial for the company's future development and operational scaling.

About Exro Technologies Inc.


Exro Technologies Inc. has enhanced its capabilities through the recent acquisition of SEA Electric, further solidifying its position as a front-runner in clean technology. The company specializes in power control electronics suited for electric vehicles and energy storage systems. Among its innovative offerings are the Coil Driver™, Cell Driver™, and SEA-Drive® platforms, which significantly broaden the performance and efficiency of electric motors and batteries.

By leveraging these advanced technologies, Exro is reshaping the landscape of energy consumption and fostering leaner, more efficient practices within a circular electrified economy. The organization’s dedication to delivering maximum output with minimal resources stands testament to its commitment to sustainable development.

For more about Exro Technologies and to follow updates, individuals can visit Exro’s official website or check out their investor presentations.

Conclusion


Exro Technologies is poised for continued growth in the clean technology sector with its innovative power control solutions. As the company navigates these critical milestones, it remains committed to fostering partnerships that will drive further advancements in e-propulsion solutions. The recent updates reflect Exro's strategic direction and proactive approach to achieving its long-term vision.

Cautionary Statement
This article contains forward-looking statements that involve risks and uncertainties. While management believes the assumptions regarding these statements are appropriate, actual results may vary. Readers are advised to stay informed through Exro’s regulatory disclosures for the latest updates and information regarding the company's operations and strategic initiatives.

Topics Consumer Technology)

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