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Novonix Shareholder Bank of New York Mellon Reduces Stake

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Novonix (ASX:NVX) shareholder Bank of New York Mellon cut its stake in the company to about 129.3 million shares, or 13.04% voting power, according to a Wednesday filing with the Australian bourse.

Bank of New York Mellon previously held about 135.9 million shares, representing voting power of 15.79%.

Novonix shares fell 3% in recent Wednesday trade, hitting an all-time low.

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