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Electrovaya Inc. Announces Proposed Public Offering of Common Shares
BASE SHELF PROSPECTUSES ARE ACCESSIBLE, AND PROSPECTUS SUPPLEMENTS WILL BE ACCESSIBLE WITHIN TWO ...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Inc. Announces Proposed Public Offering of Common Shares BASE SHELF PROSPECTUSES ARE ACCESSIBLE, AND PROSPECTUS SUPPLEMENTS WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ AND ON EDGAR TORONTO, ON / ACCESS Newswire / November 4, 2025 / Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the \"Offering\") of its common shares (the \"Common Shares\"). The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of Common Shares at the public offering price. All of the Common Shares are being offered by the Company. The Common Shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the \"SEC\") on September 25, 2024 (the \"U.S. Base Shelf Prospectus\") in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way of a prospectus supplement to the Company's base shelf prospectus dated September 17, 2024 (the \"Canada Base Shelf Prospectus\"), provided that no securities will be sold in the Province of Québec.Oppenheimer & Co. Inc. is acting as sole book-running manager for the proposed Offering. Raymond James Ltd. is acting as the lead manager for the proposed Offering.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.The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to customary closing conditions, including the listing of the Common Shares on the Toronto Stock Exchange (\"TSX\") and the Nasdaq Capital Market (\"NASDAQ\") and any required approvals of TSX...