Electrovaya, a leading Lithium Ion Battery company, will begin trading on Nasdaq July 6th 2023

TORONTO, ON / ACCESSWIRE / July 3, 2023 / Electrovaya, Inc. ("Electrovaya" or the "Company") (TSX:ELVA)(OTCQB:EFLVD) a leading lithium-ion battery technology and manufacturing company, is pleased to announce today that the Nasdaq Stock Market LLC has approved the listing of Electrovaya's common shares on the Nasdaq Capital Market ("Nasdaq"). The Company will commence trading on Nasdaq under the symbol "ELVA" at the opening of trading on Thursday, July 6, 2023 and will continue to trade on the Toronto Stock Exchange under the symbol "TSX:ELVA".

"We are very excited with the listing of our shares on Nasdaq, as this represents another significant milestone for Electrovaya and one of the cornerstones for our current strategic plan. The up-listing to Nasdaq reflects our growing sales momentum and overall financial performance." said Dr. Raj DasGupta, CEO of Electrovaya.

"Electrovaya produces batteries with industry leading safety and cycle life and includes some of the world's largest corporations as customers. I believe that by listing on Nasdaq, we will enable improved awareness and shareholder value while also continuing to carry forward the vision of the Company, our founders and trailblazers Dr. James Jacobs, Gitanjali DasGupta and Dr. Sankar DasGupta, for Climate Change Mitigation." continued Dr. Raj DasGupta.

Shareholders are not required to take any action. Electrovaya recommends that investors who bought shares on the OTC Markets monitor their brokerage accounts to ensure their holdings are updated to correctly reflect the new ticker symbol.

Electrovaya to ring the closing bell at the Nasdaq Stock Market on Thursday, July 6, 2023 from 3:45 p.m. to 4:00 p.m. ET, in celebration of its listing. Dr. Raj DasGupta, CEO, will ring the Closing Bell alongside members of the Electravaya family. The bell ringing event can be viewed on Nasdaq.com live stream at: https://livestream.com/accounts/27896496/events/10885184

https://www.accesswire.com/765146/Electrovaya-Announces-Nasdaq-Inaugural-Trading-Date