The Boring guy is a bit wacko, clearly with a personal axe to grind. He keeps posting things repeatedly, some from years ago. I am having a hard time understanding what is real and what is not, and I'm looking around a lot more then before, I am getting a picture that there have been some problems. This one today is bothering me, and I feel like I have been led on.

Electrovaya Provides Update on Planned New York Gigafactory

Toronto, Ontario August 2, 2023

"...The Company has executed a term sheet and engagment letter for a debt financing facility (the “Facility”) from a government-backed lender. Total debt funding, excluding grants and other incentives, which will be led by said lender, will provide more than 80% of the required capital for the first phase. Under the lending terms, Electrovaya hired a third-party engineering firm to review the feasibility of the project. This review was recently completed with a positive outcome. The lending agreement is expected to close in September or October of 2023, pending remaining legal and due diligence steps.

"Electrovaya plans to begin battery system assembly at the Gigafactory in the first quarter of Calendar2024"

"The Company has also been awarded incentives from the State of New York, New York Power Authority, Chautauqua County and other jurisdictions, with more than US$10 million in total incentives awarded."