Electrovaya announces common shares offering, no amount given

Electrovaya (ELVA) announced that the company is commencing an underwritten public offering of its common shares. All of the common shares are being offered by the company. The company intends to use the net proceeds from the offering to invest in energy as a service, investment in next generation battery and separator research and development and for working capital and general corporate purposes. Oppenheimer & Co. is acting as sole book-running manager for the proposed offering. Raymond James is acting as the lead manager for the proposed offering.