1. Exro Technologies is discontinuing its US operations and cutting non-essential staff. 2. The Toronto Stock Exchange may review Exro for potential delisting. 3. Uncertainty surrounds the company's future with US market exit.
Discontinuing US operations severely impacts growth potential and market reach, similar to previous cases where companies faced delisting after downsizing operations. Historical precedents show that significant operational cutbacks typically lead to reduced investor confidence and stock price declines.
The news about discontinuing US operations and potential delisting is crucial, affecting investor perceptions and trading dynamics significantly.
Immediate effects on stock price likely as markets react to news of delisting uncertainty. Comparable situations have resulted in rapid price declines due to negative market sentiment.
CALGARY, AB, Sept. 17, 2025 /PRNewswire/ - Exro Technologies Inc. (TSX:EXRO) ("Exro" or the "Company") announces that after consultation with its advisors and stakeholders, the directors of the Company have decided to discontinue its US business, operated through various US subsidiaries, and is reducing its non-essential US staff accordingly.
It is anticipated that the Toronto Stock Exchange (the "TSX") will place the Company under delisting review and there can be no assurance as to the outcome of such review or the continued qualification for listing on the TSX.
Neither the Toronto Stock Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this press release.
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SOURCE Exro Technologies Inc.