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Electrovaya proposes redomiciling from Ontario to Delaware and increasing stock option pool by 2M shares
ELVAElectrovaya Inc.
Electrovaya Inc. filed a management information circular for its annual general meeting on February 27, 2026, proposing two key resolutions. First, shareholders are asked to authorize the company's domestication from Ontario, Canada, to Delaware, USA, to improve access to US capital markets and avoid Passive Foreign Investment Company (PFIC) tax status. Second, the board seeks approval to increase the maximum number of common shares issuable upon exercise of stock options by 2,000,000, raising the total authorized pool from 7,000,000 to 9,000,000 shares. The company operates in the battery energy storage and electric vehicle components industry.