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.

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Electrovaya Inc > EFL, PAD silicon anode good complement

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Comment by onlygameon Feb 02, 2021 7:58pm

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Post# 32454066

RE:RE:RE:RE:RE:RE: EFL, PAD silicon anode good complement

Reverse consolidations usually don't go well. Very popular in the garbage mining sector penny stock status that go through so many financings to stay afloat, they have a huge float in the hundreds of millions of shs.

EFL has a reasonable float at 136mil shares. If they do a 5:1, they'll only have approx 27mil float minus Das Gupta's 10 mil. That will be way WAY too small and nowhere near enough liquidity for the Funds and Institutions.

Therefore, the plan must be to consolidate and do a large financing IMO. IF they get the interest.

I believe LAC Lithium Americas did this as they moved to the NYSE.

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