Electrovaya Chairman Exercises 1.42 Million Warrants for Common Shares
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Electrovaya Inc. announced that Dr. Sankar Das Gupta, Chairman of the Board, has exercised 1.42 million warrants to acquire common shares at $0.90 each. Post-transaction, he holds 11,690,751 shares, about 23.66% of the company’s total shares, along with 605,000 options for additional shares. The exercise was made as an investment considering the current market price and warrant terms.
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