Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

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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 > Announces Extension of C$6 million Promissory Notes

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Comment by MrGerrEtmanson Jul 15, 2021 11:53am

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Post# 33550717

RE:Announces Extension of C$6 million Promissory Notes

If a company has to pay a renewal fee of 1% for a half year extension (= 2% on an annual basis) to get the interest rate reduced by 1% (still at prime +7.55%!!), you know that the investors are jittery as hell. The share price development since this announcement is speaking volumes..

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