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Bullboard - Stock Discussion Forum
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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TSX:ELVA - Post Discussion
Electrovaya Inc
> Hope will provide info on $100 millions capital raise use
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Tdcpigc
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Post by
Tdcpigc
on Sep 02, 2021 9:56am
Hope will provide info on $100 millions capital raise use
https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00008204&issuerType=03&projectNo=03237009&docId=4985815
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MrGerrEtmans
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Comment by
MrGerrEtmans
on Sep 02, 2021 8:31pm
This means that dilution is coming to a shareholder near you... I am just surprised that the share price didn't tank more than it already has. However, the other shoe may yet drop. The planned dilution would make Sankar a minority shareholder, which could lead to a changing of the guard with respect to the CEO position. He has fought that tooth and nail in the past. If he
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Tdcpigc
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Comment by
Tdcpigc
on Sep 03, 2021 7:07am
Maybe government will again poor public money https://news.ontario.ca/en/release/8378/battery-manufacturer-gets-boost-from-ontario
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