TSX:ELVAElectrical
How Amazon-Linked Warrants And Battery Purchases At Electrovaya (TSX:ELVA) Have Changed Its Investment Story
Earlier this week, Electrovaya Inc. announced a commercial agreement and warrant transaction with Amazon, granting Amazon warrants for up to 13,880,345 shares that vest based on as much as US$280 million in cumulative future purchases of Electrovaya’s Infinity Battery Technology for material handling, robotics, and potential energy storage uses.
An interesting aspect of the deal is that a significant block of warrants vested immediately, giving Amazon direct equity exposure while future...