Electrovaya Inc. (ELVA) Form 6-K — Oct 5, 2026
Electrovaya's management proxy circular asks shareholders to approve a redomiciliation from Ontario to Delaware, a move the board says would qualify shares for US indices like the Russell 2000, broaden the US investor base, and eliminate PFIC tax exposure. The circular also seeks approval to increase shares issuable under the Stock Option Plan (currently a 7,000,000-share maximum, 14.6% of the 48,000,813 shares outstanding), plus routine auditor appointment, director elections, and a majority voting policy.
Key figures
- Board size
- 6
- Fy2025 burn rate
- 1.24%
- Option plan max shares
- 7000000
- Us holder tax threshold
- $50,000 USD
- Sankar das gupta ownership
- approximately 21.40%
- Share price increase fy2025
- 159.5% (Cdn$3.16 to Cdn$8.20)
- Shares outstanding jan 2026
- 48000813
- Option plan percent of shares issued
- 14.6%
AI analysis
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