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Electrovaya completes US$28.1 million MJDS public offering of common shares

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Overview

Client

Electrovaya Inc.

On November 6, 2025, Electrovaya Inc. (“Electrovaya”), a global energy company advancing climate change prevention by delivering safe, durable lithium-ion batteries with uncompromised energy and power, completed a public offering of 5,405,000 common shares (inclusive of the full exercise of an over allotment option) at a price of US$5.20 per common share in the United States and Canada using the Multi-Jurisdictional Disclosure System (the “Offering”) for gross proceeds of approximately US$28.1 million. Oppenheimer & Co. Inc. acted as sole book-running manager, Raymond James Ltd as lead manager, and H.C. Wainwright & Co. and Roth Capital Partners as co-managers for the Offering.

Fasken advised Electrovaya with a team led by Anil Aggarwal and Myroslav Chwaluk (Corporate Finance and Securities), and which included Terence Bernard (Corporate Finance and Securities), Kevin Yip and Katerina Ignatova (Tax) and Khaleel Bateman (Articling Student). 

Jurisdiction

  • Ontario

Team

  • Anil Aggarwal, Partner | Corporate/Commercial, Capital Markets, Toronto, ON, +1 416 865 5169, [email protected]
  • Myroslav Chwaluk, Partner | Capital Markets, Toronto, ON, +1 416 868 3413, [email protected]
  • Terence Bernard, Associate | Capital Markets, Toronto, ON, +1 416 865 4564, [email protected]
  • Khaleel Bateman, Articling Student, Toronto, ON, +1 416 865 4415, [email protected]
  • Kevin H. Yip, Partner | Tax Law, Toronto, ON, +1 416 865 5497, [email protected]
  • Katerina Ignatova, Associate | Tax Law, Toronto, ON, +1 416 868 7852, [email protected]
Anil Aggarwal lawyer in Toronto Anil Aggarwal Partner | Corporate/Commercial, Capital Markets Toronto, ON +1 416 865 5169
Myroslav Chwaluk Toronto Lawyer Myroslav Chwaluk Partner | Capital Markets Toronto, ON +1 416 868 3413
Terence Bernard Toronto Student Terence Bernard Associate | Capital Markets Toronto, ON +1 416 865 4564
Khaleel Bateman Toronto Law Student Khaleel Bateman Articling Student Toronto, ON +1 416 865 4415
Kevin Yip Toronto Lawyer Kevin H. Yip Partner | Tax Law Toronto, ON +1 416 865 5497
Katerina Ignatova Toronto Articling Student Katerina Ignatova Associate | Tax Law Toronto, ON +1 416 868 7852