- Electrovaya ( OTCQB:EFLVF ) announces private placement for its common shares and warrants to purchase common shares, for total proceeds of about C$14.8M.
- EFLVF will issue 17.5M common shares and warrants exercisable to purchase up to 8.8M common shares at C$0.8461 per common share and associated warrant.
- Each warrant will entitle the holder thereof to purchase one common share at C$1.06 per common share.
- Craig-Hallum Capital Group to serve as exclusive placement agent for the private placement in the U.S.
For further details see:
Electrovaya to offer C$14.8M stock, warrants via private placement