Electrovaya Inc. Announces Closing of Oversubscribed US$28.1 Million Public Offering of Common Shares, Including Full Exercise of Overallotment Option

Core Points - Electrovaya Inc. has successfully closed its public offering of 4,700,000 common shares at a price of US$5.20 per share [1] - The underwriters exercised their overallotment option in full, leading to the issuance of an additional 705,000 common shares [1] - The total gross proceeds from the offering amount to approximately US$28.1 million before deducting underwriting discounts and commissions [1]