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PNC Financial Services Group Inc. Lowers Stock Holdings in Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA)
Dell Technologies Inc. (DELL): Citi Lowers Price Target to $156 Amid Earnings Miss, Highlights AI and PC Recovery PotentialJimmy Carter, the 39th US president, has died at 100 ATLANTA (AP) — Former U.S. President Jimmy Carter has died. He was 100 years old and had spent roughly 22 months in hospice care. The Georgia peanut farmer served one turbulent term in the White House before building a reputation as a global humanitarian and champion of democracy. He defeated President Gerald Ford in 1976 promising to restore trust in government but lost to Ronald Reagan four years later amid soaring inflation, gas station lines and the Iran hostage crisis. He and his wife Rosalynn then formed The Carter Center, and he earned a Nobel Peace Prize while making himself the most internationally engaged of former presidents. The Carter Center said he died peacefully Sunday afternoon in Plains, Georgia, surrounded by his family. Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’ PLAINS, Ga. (AP) — The 39th and longest-lived U.S. president, James Earl Carter Jr., died Sunday at the age of 100. His life ended where it began, in Plains, Georgia. He left and returned to the tiny town many times as he climbed to the nation’s highest office and lost it after four tumultuous years. Carter spent the next 40 years setting new standards for what a former president can do. Carter wrote nearly a decade ago that he found all the phases of his life challenging but also successful and enjoyable. The Democrat's principled but pragmatic approach defied American political labels, especially the idea that one-term presidents are failures. Jet crash disaster in South Korea marks another setback for Boeing WASHINGTON (AP) — A machinists strike. Another safety problem involving its troubled top-selling airliner. A plunging stock price. 2024 was already a dispiriting year for Boeing, the American aviation giant. But when one of the company’s jets crash-landed in South Korea on Sunday, killing all but two of the 181 people on board, it brought to a close an especially unfortunate year for Boeing. The cause of the crash remains under investigation, and aviation experts were quick to distinguish Sunday’s incident from the company’s earlier safety problems. Alan Price, an airline consultant, said it would be inappropriate to link the incident Sunday to two fatal crashes involving Boeing’s troubled 737 Max jetliner in 2018 and 2019. South Korean authorities seek warrant to detain impeached President Yoon in martial law probe SEOUL, South Korea (AP) — South Korean law enforcement officials have requested a court warrant to detain impeached President Yoon Suk Yeol as they investigate whether his short-lived martial law decree this month amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the power grab that lasted only a few hours, confirmed it requested the warrant on Monday. Investigators plan to question Yoon on charges of abuse of authority and orchestrating a rebellion. Tornadoes in Texas and Mississippi kill 2 and injure 6 as severe weather system moves east HOUSTON (AP) — A strong storm system is threatening to whip up tornadoes in parts of the U.S. Southeast, a day after severe weather claimed at least two lives as twisters touched down in Texas and Mississippi. Strong storms moving eastward Sunday are expected to continue producing gusty, damaging winds, hail and tornadoes through Sunday. That is according to National Weather Service meteorologist Frank Pereira. So far, the line of severe weather has led to about 40 tornado reports from southeastern Texas to Alabama, Pereira said, but those reports remain unconfirmed until surveys of damage are completed. Israeli hospital says Netanyahu has undergone successful prostate surgery TEL AVIV, Israel (AP) — An Israeli hospital says Prime Minister Benjamin Netanyahu has undergone successful prostate surgery. Jerusalem’s Hadassah Medical Center said his prostate was removed late Sunday and that he was recovering. Netanyahu’s office had said Justice Minister Yariv Levin, a close ally, would serve as acting prime minister during the procedure. Doctors ordered the operation after detecting an infection last week. Netanyahu is expected to remain hospitalized for several days. With so much at stake, Netanyahu’s health in wartime is a concern for both Israelis and the wider world. Azerbaijan's president says crashed jetliner was shot down by Russia unintentionally Azerbaijan’s President Ilham Aliyev says the Azerbaijani airliner that crashed last week was shot down by Russia, albeit unintentionally. Aliyev told Azerbaijani state television on Sunday that the aircraft was hit by fire from the ground over Russia and rendered uncontrollable by electronic warfare. He accused Russia of trying to “hush up” the issue for several days. The crash on Wednesday killed 38 of 67 people on board. Russian President Vladimir Putin apologized to Aliyev on Saturday for what he called a “tragic incident” but stopped short of acknowledging Moscow’s responsibility. Croatia's incumbent president gains most votes for re-election, but not enough to avoid a runoff ZAGREB, Croatia (AP) — Croatia’s incumbent President Zoran Milanovic has swept most votes in the first round of a presidential election, but will have to face a runoff against a ruling party candidate to secure another five-year term. With 99% percent of the vote counted Sunday, Milanovic won 49% while his main challenger Dragan Primorac, a candidate of the ruling HDZ party, trailed far behind with 19%. Pre-election polls had predicted that the two would face off in the second round on Jan. 12, as none of the eight presidential election contenders were projected to get more than 50% of the vote. A fourth infant dies of the winter cold in Gaza as families share blankets in seaside tents DEIR AL-BALAH, Gaza Strip (AP) — A fourth infant has died of hypothermia in Gaza, where hundreds of thousands of Palestinians displaced by nearly 15 months of war are huddled in tents along the rainy, windswept coast as winter arrives. The baby's father says the 20-day-old child was found with his head as “cold as ice” Sunday morning in their tent. The baby’s twin brother was moved to the intensive care unit of Al-Aqsa Martyrs Hospital. Their father says the twins were born one month premature and spent just a day in hospital, which like other Gaza health centers has been overwhelmed and only partially functions. Syria's de facto leader says it could take up to 4 years to hold elections BEIRUT (AP) — Syria’s de facto leader has said it could take up to four years to hold elections in Syria, and that he plans on dissolving his Islamist group that led the country’s insurgency at an anticipated national dialogue summit for the country. Ahmad al-Sharaa, who leads Hayat Tahrir al-Sham, the group leading the new authority in Syria, made the remarks in an interview Sunday. That's according to the Saudi television network Al-Arabiyya. It comes almost a month after a lightning insurgency led by HTS overthrew President Bashar Assad’s decades-long rule, ending the country’s uprising-turned civil war that started back in 2011.Myanmar hosts CLMV, ACMECS tourism meetings to boost regional cooperation
Influencer's heartbreaking cause of death at age 34 emergesWASHINGTON (AP) — A machinists strike. Another safety problem involving its troubled top-selling airliner. A plunging stock price. 2024 was already a dispiriting year for Boeing, the American aviation giant. But when one of the company's jets crash-landed in South Korea on Sunday, killing all but two of the 181 people on board, it brought to a close an especially unfortunate year for Boeing. The cause of the crash remains under investigation, and aviation experts were quick to distinguish Sunday's incident from the company’s earlier safety problems. Alan Price, a former chief pilot at Delta Air Lines who is now a consultant, said it would be inappropriate to link the incident Sunday to two fatal crashes involving Boeing’s troubled 737 Max jetliner in 2018 and 2019. In January this year, a door plug blew off a 737 Max while it was in flight, raising more questions about the plane. The Boeing 737-800 that crash-landed in Korea, Price noted, is “a very proven airplane. "It’s different from the Max ...It’s a very safe airplane.’’ For decades, Boeing has maintained a role as one of the giants of American manufacturing. But the the past year's repeated troubles have been damaging. The company's stock price is down more than 30% in 2024. The company's reputation for safety was especially tarnished by the 737 Max crashes, which occurred off the coast of Indonesia and in Ethiopia less than five months apart in 2018 and 2019 and left a combined 346 people dead. In the five years since then, Boeing has lost more than $23 billion. And it has fallen behind its European rival, Airbus, in selling and delivering new planes. Last fall, 33,000 Boeing machinists went on strike, crippling the production of the 737 Max, the company's bestseller, the 777 airliner and 767 cargo plane. The walkout lasted seven weeks, until members of the International Association of Machinists and Aerospace Workers agreed to an offer that included 38% pay raises over four years. In January, a door plug blew off a 737 Max during an Alaska Airlines flight. Federal regulators responded by imposing limits on Boeing aircraft production that they said would remain in place until they felt confident about manufacturing safety at the company. In July, Boeing agreed to plead guilty to conspiracy to commit fraud for deceiving the Federal Aviation Administration regulators who approved the 737 Max. Acting on Boeing’s incomplete disclosures, the FAA approved minimal, computer-based training instead of more intensive training in flight simulators. Simulator training would have increased the cost for airlines to operate the Max and might have pushed some to buy planes from Airbus instead. (Prosecutors said they lacked evidence to argue that Boeing’s deception had played a role in the crashes.) But the plea deal was rejected this month by a federal judge in Texas, Reed O’Connor , who decided that diversity, inclusion and equity or DEI policies in the government and at Boeing could result in race being a factor in choosing an official to oversee Boeing’s compliance with the agreement. Boeing has sought to change its culture. Under intense pressure over safety issues, David Calhoun departed as CEO in August. Since January, 70,000 Boeing employees have participated in meetings to discuss ways to improve safety.France (30) 37 Tries: Flament, Villiere, Penalty, Bielle-Biarrey Cons: Ramos 3 Pen: Ramos 3 Argentina (9) 23 Try: Gallo, Ruiz Con: Albornoz 2 Pen: Albornoz 3 France avenged their summer defeat by Argentina with a comfortable victory in Paris to maintain their winning run in the Autumn Nations Series. Thibaud Flament powered over from close range to hand the hosts an early lead but the boot of Tomas Albornoz kept the Pumas in touching distance. Gabin Villiere finished off a flowing French move for their second try before Juan Martin Gonzalez was sent to the sin bin for deliberately knocking on the ball with Louis Bielle-Biarrey poised to score a third. France were not to be denied, however, and they were awarded a penalty try before reaching the interval at Stade de France with a healthy 30-9 lead. The Pumas, who were narrowly edged out by Ireland in their last outing, recovered after the break and were held up over the line before Thomas Gallo crossed for their opening try. Bielle-Biarrey showed his class at the other end to latch onto his own kick through and score his 10th Test try in 14 appearances to restore France's advantage. Argentina remained resolute and Ignacio Ruiz came off the bench to score a powerful consolation but France claimed their sixth win in their past seven meetings against the South American side. Les Bleus, who last suffered defeat in July when they were beaten 33-25 by Argentina in Buenos Aires, have won all three autumn games after victories over Japan and New Zealand. Speaking to TNT Sports, France lock Emmanuel Meafou said: "We knew it was going to be an 80-minute game. We saw last week how Argentina went all the way against a good Irish team. "We are happy with the win. We have three from three [in the autumn] and we will look to build on that in the Six Nations next year." France: Barre; Villiere, Fickou, Moefana, Bielle-Biarrey; Ramos, Dupont; Gros, Mauvaka, Atonio, Flament, Meafou, Cros, Boudehent, Ollivon. Replacements: Marchand, Wardi, Colombe, Roumat, Guillard, Gazzotti, Le Garrec, Gailleton. Argentina: Mallia; Isgro, Cinti, Moroni, Delguy; Albornoz, Garcia; Gallo, Montoya, Sclavi, Petti, Rubiolo, Matera, Gonzalez, Oviedo. Replacements: Ruiz, Calles, Kodela, Molina, Kremer, Velez, S Carreras, M Carreras.
The U.S. National Telecommunications and Information Administration (NTIA) issued a seeking public input on the potential writing of ethical guidelines to address ethical concerns involving the use of “pervasive data” in research. NTIA is seeking public input to determine whether non-binding ethical guidelines should be crafted to guide researchers in navigating these challenges responsibly. Pervasive data captures intimate details about individuals from their browsing behaviors to their social media interactions. While this data holds immense potential for advancing societal understanding and technological innovation, it also poses risks to and individual rights. NTIA said “such guidelines, if warranted, would detail how researchers can work with pervasive data while meeting ethical expectations of research and protecting individuals’ privacy and other rights. These guidelines, although voluntary, would serve as a crucial reference for researchers, institutions, data intermediaries, and online service providers. They would seek to bridge the gap between existing legal regulations, such as the Common Rule, and the unique ethical dilemmas posed by pervasive data. NTIA says pervasive data has become a cornerstone of contemporary research, offering insights into human behavior, societal dynamics, and the digital ecosystem. “These insights are essential for informing policy in the digital age, and researchers and organizations have called for ethical guidelines to help ensure this work is done responsibly,” NTIA said, noting, however, that this data is often collected without explicit consent, raising questions about how it can be used ethically in research while respecting individuals’ privacy and autonomy. “NTIA will rely on these comments, along with engagements with researchers, civil society, research institutions, industry, and other government bodies, to consider whether to draft and issue guidelines to assist researchers working with pervasive data,” the agency said. “The ethical guidelines outlined for consideration in this Request for Comments would be non-binding and would not supersede any existing laws or regulations or pre-empt future laws. For example, human subjects research conducted or supported by one of the U.S. government departments or agencies that have adopted the Federal Policy for the Protection of Human Subjects would need to adhere to any applicable regulatory requirements. Federal agencies and federal data are bound by additional laws and regulations, which these voluntary ethical guidelines would not supersede.” NTIA’s efforts are underscored by the limitations of existing ethical frameworks. For example, , commissioned in 1979 by the National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research, laid the groundwork for ethical research in the United States by introducing principles such as respect for persons, beneficence, and justice. These principles informed the Common Rule, which regulates federally funded human subjects research. However, the Common Rule’s applicability to pervasive data is limited. It primarily governs research involving identifiable private information obtained through direct interaction or intervention, leaving significant gaps in addressing the broader societal risks posed by pervasive data. Moreover, certain types of research using pervasive data may fall outside the Common Rule’s jurisdiction. For instance, NTIA pointed out, studies involving anonymized or publicly available data often bypass institutional review board oversight. Yet, even anonymized data carries the risk of , potentially exposing individuals to harm. These gaps highlight the need for updated ethical guidelines that reflect the nuances of pervasive data in research. Internationally, the ethical use of pervasive data is gaining attention. The European Union’s Digital Services Act, for example, mandates that large online platforms share data with researchers to study systemic risks in the information environment. While this approach facilitates transparency, it also underscores the importance of robust ethical standards to protect individuals and uphold trust in the research process. NTIA’s proposed guidelines could align U.S. practices with global standards, fostering international collaboration and ensuring that research is conducted with a shared commitment to ethical principles. One of the most pressing concerns in research involving pervasive data is the risk to privacy, NTIA said, pointing out that online platforms collect vast amounts of data, often without users fully understanding how it will be used, creating tension between the potential benefits of research and the right of individuals to control their personal information. Privacy risks extend beyond reidentification; they also include emotional distress, reputational harm, and the perpetuation of discrimination. Additionally, misuse of pervasive data can erode public trust in research, deterring individuals from engaging in the digital economy or participating in studies. NTIA’s proposed guidelines would address these risks by promoting transparency, accountability, and informed consent. Researchers would be encouraged to consider the potential for harm at every stage of their projects, from data collection to dissemination. This proactive approach aligns with the principles of the which builds on the by emphasizing respect for law and public interest in network and security research. By adopting similar principles, NTIA would be ensuring that ethical considerations remain central to research involving pervasive data. Another critical issue is the potential for systemic risks. Research using pervasive data can unintentionally exacerbate societal inequalities or contribute to harmful technologies. For example, algorithms trained on biased data may perpetuate discrimination, while the misuse of research findings can undermine trust in institutions. Ethical guidelines must therefore extend beyond individual-level risks to address the broader implications of pervasive data research. This includes considering the environmental impact of data processing and the unintended consequences of machine learning models. NTIA’s initiative also recognizes the importance of fostering a culture of ethical awareness among researchers. While many researchers already take voluntary measures to mitigate risks, the absence of a unified set of guidelines can lead to inconsistencies. The proposed guidelines would provide a benchmark for ethical research, encouraging adherence to best practices across disciplines and institutions. Public engagement is a cornerstone of NTIA’s approach. By soliciting input from diverse stakeholders, including researchers, civil society organizations, industry representatives, and government bodies, NTIA aims to ensure that the guidelines are comprehensive and reflective of varied perspectives. This participatory process is essential for addressing the complex ethical challenges posed by pervasive data. NTIA’s effort to draft ethical guidelines for pervasive data research marks a significant step in balancing innovation with privacy and ethical integrity. As pervasive data continues to shape our understanding of the digital world, it is imperative to establish standards that protect individuals while enabling responsible research. The proposed guidelines have the potential to set a precedent for ethical practices, fostering trust and ensuring that the benefits of research are realized without compromising fundamental rights. NTIA’s initiative underscores the need for a thoughtful and collaborative approach to pervasive data. By prioritizing privacy and ethical responsibility, these guidelines can serve as a roadmap for navigating the complex intersection of technology, research, and human rights in the digital age. As public input shapes the development of these guidelines, NTIA has an opportunity to lead the way in defining ethical standards for the responsible use of pervasive data. | | | | | | | | |Mike Ransford Joins Syntec Optics (Nasdaq: OPTX) as Site Manager
No. 4 Penn State tries to keep playoff picture out of focus in prep for tough trip to MinnesotaStaying sharp: Study explores how brain changes may affect financial skills
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“ Electrovaya ” or the “ Company ”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “ Offering ”) of its common shares (the “ Common Shares ”). All of the shares are being offered by the Company. The shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the “ SEC ”) on September 25, 2024 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way of a prospectus supplement to the Company’s base shelf prospectus dated September 17, 2024, provided that no securities will be sold in the Province of Québec. Roth Capital Partners, Raymond James Ltd. and Craig-Hallum Capital Group LLC are acting as the co-lead book-running managers for the proposed Offering. The Company intends to use the net proceeds from the Offering to satisfy the cash collateral conditions for the loan approved by the Export-Import Bank of the United States announced by the Company on November 14, 2024, repayment of amounts under the Company’s existing working capital facility in advance of proposed bank refinancing and for the costs of such financing, and satisfaction of certain outstanding amounts in connection with the purchase of the Company’s Jamestown, New York manufacturing facility. The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to customary closing conditions, including the listing of the Common Shares on the Toronto Stock Exchange (“ TSX ”) and the Nasdaq Capital Market (“ NASDAQ ”) and any required approvals of TSX and NASDAQ. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available for free on the SEC’s website at www.sec.gov and the prospectus supplement filed in Canada will be available on the Company’s profile on the SEDAR+ website at www.sedarplus.ca. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the Offering, when available, may also be obtained by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660 by phone at (800)-678-9147 or e-mail at rothecm@roth.com . Prospective investors should read the preliminary prospectus supplement and accompanying prospectus relating to the Offering, and the base shelf prospectus and the other documents the Company has filed before making an investment decision. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. Investor and Media Contact : Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com . Forward-Looking Statements This press release contains forward-looking statements, including statements regarding the intention to complete the Offering and the anticipated use of proceeds from the Offering. Forward-looking statements can generally, but not always, be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, "possible", “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements are necessarily based on assumptions, and involve risks and uncertainties, therefore undue reliance should not be placed on such statements. Material assumptions on which forward-looking statements in this news release include assumptions about the ability to profitably market the Common Shares. Material risks and other factors that could cause actual results to differ from any forward-looking statement market conditions and other risks that may be found in the prospectus supplement and base shelf prospectus filed in connection with the Offering, including those risks described under the heading “Risk Factors”, and the documents incorporated by referenced therein. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.SAINT PAUL, Minn. (AP) — Kendall Blue and Nolan Minessale had 22 points each in St. Thomas' 88-81 victory over Montana on Saturday. Miles Barnstable had 17 points for the Tommies (7-4). Malik Moore led the Grizzlies (6-4) with 30 points. Money Williams added 14 points, six rebounds and four assists for Montana. Jensen Bradtke had 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
IPS Newcastle promises a New Era in Electro-Mechanical EngineeringSt. Thomas defeats Montana 88-81 behind 22 points each from Kendall Blue and Nolan Minessale
TAMPA, Fla. (AP) — Jake Evans scored for the career-high fifth consecutive game and the surging Montreal Canadiens beat the Tampa Bay Lightning 5-2 on Sunday night. Christian Dvorak, Joel Armia, Brendan Gallagher and Alex Newhook also scored to help the Canadiens win for the fifth time in six games. Sam Montembeault made 21 saves. Nikita Kucherov and Brandon Hagel scored for Tampa Bay. Jonas Johansson stopped 31 shots. Newhook opened the scoring on a one-timer midway through the first period. Hagel tied it 37 seconds into the second period, but Dvorak and Evans scored 5:54 apart in the period for a two-goal Montreal lead they would not relinquish. SABRES 4, BLUES 2 ST. LOUIS (AP) — Jason Zucker scored a tiebreaking power-play goal with 9:30 remaining and Buffalo notched their third straight victory by beating St. Louis. Jiri Kulich extended Buffalo’s lead with a breakaway goal that went between Blues goalie Jordan Binnington’s legs with 3:41 to play. Tage Thompson had a goal and an assist against his former team as the Sabres won in St. Louis for just the second time in 12 years to sweep the season series. Zucker had a goal and an assist, and Jack Quinn had two assists for Buffalo. Ukko-Pekka Luukkonen stopped 35 shots. Brayden Schenn and Nathan Walker scored for the Blues. Binnington had 12 saves. Buffalo scored on two of its first three shots, including its first of the game. DUCKS 5, OILERS 3 ANAHEIM, Calif. (AP) — Ryan Strome scored with 2:36 remaining as Anaheim rallied from a two-goal deficit in the second period to defeat Edmonton. Strome’s goal, his sixth of the season, originally wasn’t called, but it was reversed after a review. Strome’s shot was entirely over the goal line before Edmonton goalie Calvin Pickard could stop it with his skate. Mason McTavish added an empty-net goal. It is the first time since March 30, 2019, the Ducks have defeated the Oilers by more than one goal. Cutter Gauthier, McTavish and Robby Fabbri each had a goal and an assist. Drew Helleson also scored for Anaheim, which snapped a seven-game losing streak to Edmonton. Lukas Dostal made 20 saves. Leon Draisaitl had two goals and Connor McDavid two assists for the Oilers, who were 3-0-1 in their past four. Evan Bouchard also tallied a goal and Pickard stopped 27 shots. RED WINGS 4, CAPITALS 2 DETROIT (AP) — Patrick Kane reached the 1,300-point mark and Todd McLellan won for the first time as Detroit’s coach in their victory over Washington. Kane, who needed two points to reach that mark, had a power-play goal and assist during Detroit’s four-goal first period. Alex DeBrincat scored two goals and Lucas Raymond added another as the Red Wings snapped a four-game losing streak. Alex Lyon made 26 saves. McLellan replaced Derek Lalonde prior to Friday’s loss to Toronto . Alex Ovechkin scored for the second consecutive game after missing the previous 16 due to a fractured fibula . The Capitals star forward is 25 goals shy of passing Wayne Gretzky’s NHL record of 894 . Nic Dowd had the other Capitals goal. Charlie Lindgren made 23 saves but Washington remained one point behind first-place New Jersey in the Eastern Conference. PENGUINS 3, ISLANDERS 2 PITTSBURGH (AP) — Sidney Crosby broke Mario Lemieux’s Pittsburgh franchise career record for assists on Michael Bunting’s power-play goal and the Penguins beat New York. Crosby has 1,034 assists, good for 12th in NHL history. Only three players — Ray Bourque, Wayne Gretzky and Steve Yzerman — have more assists with a single team. The 37-year-old Crosby has played 1,310-regular-season games. Lemieux played 915. Evgeni Malkin added the deciding power-play goal in the third for Pittsburgh, which has 14 goals with the man advantage in its last 13 games. Anthony Beauvillier also scored to help the Penguins win for the seventh time in their last eight home games. Alex Nedeljkovic made 29 saves in his first start since Dec. 17. Kris Letang missed the game because of a lower-body injury, and defenseman Nathan Clurman made his NHL debut. Anders Lee and Bo Horvat scored third-period goals for the Islanders, who fell behind 3-0 before their rally fell short. Marcus Hogberg stopped 38 shots during his first start since April 28, 2021. GOLDEN KNIGHTS 3, FLAMES 0 LAS VEGAS (AP) — Brett Howden scored his 15th goal of the season and Ilya Samsonov stopped 31 shots as Vegas Golden defeated Calgary. Howden redirected defenseman Alex Pietrangelo’s shot from the top of the slot late in the second period and is now tied with Ivan Barbashev for the team lead in goals. Howden has scored a goal in four of the last five games. Victor Olofsson and Tanner Pearson also scored for the Golden Knights, who have shut out Calgary twice this season, beating them 5-0 on Oct. 28 . Dan Vladar made 34 saves for Calgary. The Golden Knights have now won six straight, the longest active win streak in the NHL, while improving to 25-8-3 on the year. They own a 13-2-1 record against Pacific Division opponents. SENATORS 3, WILD 1 ST. PAUL, Minn. (AP) — Josh Norris broke a tie on a power play with 7:18 left, Leevi Merilainen made 30 saves in his fifth NHL game and Ottawa beat Minnesota. Ottawa has won seven of its past nine games, while the Wild have lost five of their past seven. The Senators won in Minnesota for the first time since 2016. With starter Linus Ullmark and backup Anton Forsberg out with injuries, the Senators have been relying on Merilainen and Mads Sogaard since before the NHL holiday break. Frederick Gaudreau opened the scoring for Minnesota late in the first period. Ridly Greig tied it early in the second. Claude Giroux added an empty-netter. STARS 5, BLACKHAWKS 1 CHICAGO (AP) — Matt Duchene and Jamie Benn each had a goal and two assists, and Dallas beat Chicago. Jason Robertson, Evgenii Dadonov and Wyatt Johnston each had a goal and an assist for Dallas, which had lost three of four. Jake Oettinger made 24 saves. Chicago dropped its fourth consecutive game. It lost three of four in its season series against Dallas. Connor Bedard scored his 10th goal for the Blackhawks, and Arvid Soderblom made 26 stops. Next up for Bedard and company is the Winter Classic on Tuesday against St. Louis. Dallas grabbed control after Chicago forward Tyler Bertuzzi was ejected 8:11 into the second period. Bertuzzi was sent off for elbowing Stars forward Colin Blackwell in the face. The Associated Press
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TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Electrovaya Inc. (“ ” or the “ ”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “ ”) of its common shares (the “ ”). All of the shares are being offered by the Company. The shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the “ ”) on September 25, 2024 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way of a prospectus supplement to the Company’s base shelf prospectus dated September 17, 2024, provided that no securities will be sold in the Province of Québec. Roth Capital Partners, Raymond James Ltd. and Craig-Hallum Capital Group LLC are acting as the co-lead book-running managers for the proposed Offering. The Company intends to use the net proceeds from the Offering to satisfy the cash collateral conditions for the loan approved by the Export-Import Bank of the United States announced by the Company on November 14, 2024, repayment of amounts under the Company’s existing working capital facility in advance of proposed bank refinancing and for the costs of such financing, and satisfaction of certain outstanding amounts in connection with the purchase of the Company’s Jamestown, New York manufacturing facility. The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to customary closing conditions, including the listing of the Common Shares on the Toronto Stock Exchange (“ ”) and the Nasdaq Capital Market (“ ”) and any required approvals of TSX and NASDAQ. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available for free on the SEC’s website at www.sec.gov and the prospectus supplement filed in Canada will be available on the Company’s profile on the SEDAR+ website at www.sedarplus.ca. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the Offering, when available, may also be obtained by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660 by phone at (800)-678-9147 or e-mail at . Prospective investors should read the preliminary prospectus supplement and accompanying prospectus relating to the Offering, and the base shelf prospectus and the other documents the Company has filed before making an investment decision. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. : Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore .