Electrovaya Agrees to Invest USD 1.4 Million in Janus Electric
Bitget2026/10/28 12:33- Electrovaya agreed to invest approximately AUD 2 million (USD 1.4 million) in Janus Electric through a direct placement.
- The investment covers up to 4,200,000 shares priced at the five-day volume-weighted average before signing.
- Janus will also issue up to 6,300,000 warrants at no additional cost, exercisable at 125% of the placement price.
- The warrants expire three years from issuance; completion of the placement remains subject to required approvals.
- The investment accompanies a strategic battery supply agreement with approximately $26 million in initial orders; proceeds will fund working capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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