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Electrovaya, a Technology-Intensive Lithium Ion Battery Company, Applies to List on NASDAQ pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
Electrovaya, Inc.: Electrovaya, a Technology-Intensive Lithium Ion Battery Company, Applies to List on NASDAQ
TORONTO, ON / ACCESSWIRE / February 23, 2021 / Electrovaya Inc. ( Electrovaya or the Company ) (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, has submitted an initial application to list its common shares on the Nasdaq Stock Market ( NASDAQ ).
The Company is pursuing a NASDAQ listing in order to enhance its investor profile, with the goal of attracting institutional and retail investors, furthering M&A opportunities, and increasing shareholder value.
Electrovaya currently earns the majority of its revenues from the United States. The Company s lithium ion batteries are powering mission-critical electric lift trucks in approximately 48 locations, a majority of which are in the U.S. With the recent signing of a Strategic Sales Agreement with Raymond Corp., as well as Electrovaya s UL2580 l