Electrovaya inc. closes us$11.1 million public offering of common shares

Toronto, on / accesswire / december 18, 2024 / electrovaya inc. ("electrovaya" or the "company") (nasdaq:elva)(tsx:elva), a leading lithium-ion battery technology and manufacturing company, has successfully closed its previously announced public offering (the "offering") of 5,175,000 common shares in the capital of the company (the "common shares") at a price to the public of us$2.15 per common share (the "offering price") for gross proceeds of approximately us$11.1 million, before deducting the underwriting discounts and commissions and estimated expenses incurred in connection with the offering. roth capital partners ("roth") acted as sole book-running manager, and raymond james ltd.
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