Electrovaya (TSE:ELVA) has released an update.
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Electrovaya Inc., a key player in lithium-ion battery technology, has announced a public offering of common shares priced at US$2.15 each, aiming to raise approximately US$11.1 million. The proceeds are intended for loan collateral, refinancing, and purchasing a manufacturing facility. The offering is expected to close by December 18, 2024, pending customary approvals.
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