Electrovaya Inc. (ELVA) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: December 19, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 23.35% (2 years)

Historical Dilution Factor: moderate recent dilution

Outstanding Shares

42M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

ELVA currently has 42.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 23.35% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Dec 19, 2025	40-F filing \| 42.1M shares outstanding	42M
Dec 26, 2024	40-F filing \| 34.1M shares outstanding	34M
Mar 21, 2024	F-10 filing: The filing registers an indeterminate number of common shares, debt securities, subscription receipts, warrants and units with a total proposed amount not to exceed $100,000,000.	34M
Jan 16, 2024	40-F filing \| 33.8M shares outstanding	34M

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