Deal Snapshot
2061236 ONTARIO UPS STAKE IN BATTERY PROVIDER ELECTROVAYA FOR CDN 252,000
Wednesday 13 June 2018

Canada-based asset management company 2061236 Ontario Inc., a corporation controlled by Dr. Sankar Das Gupta, has acquired 1.68m units consisting of one common share of Canada-based portable Lithium-ion battery power solutions provider Electrovaya Inc. and one-half of one warrant to purchase one common share in a wider private placement of units by Electrovaya, the company said.

Prior to the completion of the offering, Dr. Das Gupta beneficially owned and controlled 46,733,754 common shares (47.09% of the issued and outstanding common shares), on a partially diluted basis.
After completion of the offering, Dr. Das Gupta beneficially owns and controls 49,253,754 common shares (49.5% of the issued and outstanding common shares), on a partially diluted basis.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 13/06/2018
Target: Electrovaya/additional stake
Country: Canada
Deal Size: 194,000 (USD)
Sector: Electronics
Type: Stakebuilding
Financing: Cash
Status: Agreed
Vendor:
Buyer: 2061236 Ontario Inc
Comment:
After completion of the offering, Das Gupta beneficially owns and controls 49,253,754 common shares (49.5% of the issued and outstanding common shares), on a partially diluted basis.

Options