Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

Industrials

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.

TSX:ELVA - Post by User

Electrovaya Inc

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Comment by onlygameon Apr 08, 2020 2:43pm

131 Views

Post# 30891273

RE:Amended terms of outstanding debentures

Re-negotiated.

Surprize? Not at all.

Interesting points,

a) MMCAP "IS" taking more shares/ownership in EFL and big haircut on their capital. If EFL does well into the future, they have hope to recover. Not sure what's with the idiotic number of shs 111,111,111.

b) Financial Institution gave more funding AND also took pledge/ownership in 17mil shs EFL. I say ownership because if EFL fails, those pledged 17ml shs will be worthless. They must see a glimmer of hope to be involved.

c) Das Gupta is personally guarantee-ing the credit line.

Lots of skin in the game from Das Gupta, Financial Institution and MMCAP, Let's see what they are banking on.

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