FMR LLC reports 5.6% Electrovaya stake on 13G
FMR LLC and Abigail P. Johnson report beneficial ownership of 2,684,363 shares of Electrovaya Inc. common stock, representing 5.6% of the class.
Rhea-AI Filing Summary
FMR LLC and Abigail P. Johnson report beneficial ownership of 2,684,363 shares of Electrovaya Inc. common stock, representing 5.6% of the class. FMR LLC has sole voting and dispositive power over these shares, while Johnson reports sole dispositive power and no voting power.
The filing states the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Electrovaya. One or more other persons may receive dividends or sale proceeds from these shares, but no such person holds more than five percent of the outstanding common stock.
Positive
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Negative
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Insights
FMR LLC discloses a 5.6% passive stake in Electrovaya.
The filing shows FMR LLC and Abigail P. Johnson beneficially owning 2,684,363 Electrovaya common shares, or 5.6% of the class. FMR LLC holds sole voting and dispositive power, while Johnson reports sole dispositive power and no voting authority.
The certification explicitly states the position is held in the ordinary course of business and not to change or influence control. The disclosure characterizes this as a passive institutional holding, so any impact on Electrovaya’s strategy or governance would depend on future actions not addressed in this report.
FAQ
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What percentage of Electrovaya (ELVA) does FMR LLC’s stake represent?
Is FMR LLC’s Electrovaya (ELVA) position reported as passive or active?
How is Abigail P. Johnson’s ownership in Electrovaya (ELVA) described?
AI-generated analysis. How Rhea-AI works. Not financial advice.