Electrovaya (TSE:ELVA) has released an update.
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Electrovaya Inc., a leader in lithium-ion battery technology, has announced an underwritten public offering of common shares to fund strategic financial initiatives, including loan conditions and facility purchases. The offering will be conducted in the U.S. and Canada, with major financial firms acting as co-lead managers. The terms and completion of the offering depend on market conditions and customary closing requirements.
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