Electrovaya inc. closes full exercise of over-allotment option for an additional us$1.7 million

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, is pleased to announce in connection with its previously completed public offering of 5,175,000 common shares in the capital of the company (the "common shares") at the price of us$2.15 per common share (the "offering price") for gross proceeds of approximately us$11.1 million (the "offering") that roth capital partners, acting as sole book-running manager, and raymond james ltd. and craig-hallum capital group llc acting as the co-lead book-running managers in the offering, have purchased an additional 776,250 common shares at the offering price, for additional gross proceeds to the company of us$1,668,937.50, before deducting the underwriting commissions, pursuant to their exercise in full of the over-allotment option (the "over-allotment option").
ELVA Ratings Summary
ELVA Quant Ranking