#Exro Technologies #Clean Technology #Coil Driver

Exro Technologies: Corporate Update

Exro Technologies Inc., a prominent player in the clean technology sector, has made significant progress in its operations and strategic initiatives as of June 2025. The company focuses primarily on power control solutions designed for electric vehicles and energy storage systems. Following the announcement of a US$30 million credit facility on May 16, 2025, Exro is now detailing its advancements towards achieving crucial milestones.

Milestone Achievements

Exro has successfully met the preliminary requirements of the credit facility, which allowed the company to secure an initial draw of US$2 million. This funding is earmarked for essential near-term operations, which include cost optimization and business unit prioritization. The company’s board has also ratified the 2025 operational budget and an initial 13-week cash flow forecast, which received approval from their lender, marking a pivotal step in their strategic roadmap.

In a bid to bolster its financial strategies, Exro has enlisted the services of Cantor Fitzgerald Co. as an exclusive financial advisor to guide its ongoing strategic review process.

Additionally, the firm is actively working towards settling the C$15 million in outstanding convertible debentures—another significant hurdle for securing future draws from the credit facility. This endeavor reflects Exro's commitment to solidify its financial standing while expanding its capabilities.

Future Draw Notification

With the completion of several key milestones, Exro has received approval to access the next tranche of funding from the credit facility. This advance is contingent on fulfilling remaining documentation and procedural requirements—indicative of the company's methodical approach towards its financial sustainability.

Furthermore, Exro is executing the wind-up plan for its Australian subsidiaries, an effort aligned with its strategic assessment to exit non-core markets and redirect resources towards initiatives in North America. This restructuring process is expected to be finalized by the end of June 2025, reinforcing Exro's focus on core competencies and potential growth avenues.

Looking Forward

The future looks promising for Exro Technologies as it continues to navigate the requirements needed to access further draws under the credit facility. With guidance from Cantor Fitzgerald, the company is poised to enhance its strategic framework and operational efficiencies.

As a company driven by innovation, Exro Technologies has developed a distinctive suite of next-generation power control electronics. This includes proprietary products like Coil Driver™, Cell Driver™, and SEA-Drive®, designed to optimize the performance of electric motors and batteries. By doing so, Exro aims to reshape energy consumption patterns and facilitate a transition to a circular electrified economy, which reflects its ethos of