Electrovaya Closes $28.1 Million Public Offering-March 2024-www.financetom.com

Electrovaya Closes $28.1 Million Public Offering

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Electrovaya Closes $28.1 Million Public Offering

Nov 6, 2025 9:13 AM

11:57 AM EST, 11/06/2025 (MT Newswires) -- Electrovaya ( ELVA ) said Thursday it closed a public offering that generated about $28.1 million in gross proceeds.

The offering comprised 4.7 million common shares priced at $5.20 each and included the full exercise of the overallotment option for an additional 705,000 shares.

The company plans to use the proceeds to invest in energy-as-a-service initiatives, next-generation battery and separator research and development, and for working capital and general corporate purposes.

Electrovaya ( ELVA ) shares were down more than 6% in recent trading.

Price: 5.26, Change: -0.34, Percent Change: -6.07

Previous page： Core Scientific Q4 Loss Narrows, Sales Jump Next page： Fleetcor Technologies Insider Sold Shares Worth $2,034,345, According to a Recent SEC Filing

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Core Scientific Q4 Loss Narrows, Sales Jump

Mar 12, 2024

04:46 PM EDT, 03/12/2024 (MT Newswires) -- Core Scientific ( CORZ ) reported a Q4 loss late Tuesday of $0.51 per diluted share, compared with a loss of $1.17 a year earlier. Two analysts polled by Capital IQ expected earnings of $0.02. Revenue for the quarter that ended Dec. 31 was $141.9 million, up from $121.3 million a year earlier....

Fleetcor Technologies Insider Sold Shares Worth $2,034,345, According to a Recent SEC Filing

Mar 12, 2024

04:47 PM EDT, 03/12/2024 (MT Newswires) -- Alan King, Group President, Global Fleet, on March 07, 2024, sold 7,004 shares in Fleetcor Technologies ( FLT ) for $2,034,345. Following the Form 4 filing with the SEC, King has control over a total of 19,114 shares of the company, with 19,114 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1175454/000095017024030037/xslF345X03/ownership.xml Price: 294.67, Change: +0.03,...

General Motors' executive vice president for software and services Mike Abbott to step down

Mar 12, 2024

March 12 (Reuters) - General Motors ( GM ) said on Tuesday that Mike Abbott will step down as executive vice president, software and services, due to health reasons. Baris Cetinok, vice president of product in software and services, has been named the interim head of software and services, the company said. ...

What's Going On With FuboTV Stock?

Mar 12, 2024

FuboTV Inc ( FUBO ) shares are moving higher in Tuesday’s after-hours session after the company announced a new agreement to expand its local sports offerings. What Happened: After the market closed on Tuesday, Fubo and Mid-Atlantic Sports Network (MASN) announced a carriage agreement that will expand streaming coverage of the Baltimore Orioles and Washington Nationals to Fubo’s streaming platform. MASN will be...