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13 stories mentioning ASX:NVXUpdated 3d ago

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Asia

Novonix Says Stock Price Fall Below Floor Price Triggers $7 Million Amortization Payment Under Deal With Investor

Novonix (ASX:NVX) said its share price falling below the floor price of AU$0.12 under its convertible debenture agreement with investor YA II PN has triggered an amortization event, requiring the company to pay $7 million to the investor before Sept. 21, according to a Thursday Australian bourse filing.The company said the $7 million payment represents 20% of the $35 million amount outstanding under the agreement, with convertible debentures of equivalent face value to be redeemed upon payment, reducing the amount outstanding to $28 million.If the amortization event continues, further payments of 20% of the amount outstanding at the time of each event will be required on a rolling 30-day basis until the event ceases or the amount outstanding is repaid in full, the filing added.The company added that it intends to fund the payment from existing cash reserves.The company's shares rose past 9% in recent Thursday trade.

ASX:NVX
Asia

NOVONIX Receives Synthetic Graphite Anode Active Material Testing Results from Lead Customer, Shares Up 7%

NOVONIX (ASX:NVX) received testing results from the initial shipment of a mass production qualification sample of synthetic graphite anode active material from its lead customer, with the material meeting 12 out of the 14 total specification parameters, according to a Thursday Australian bourse filing.NOVONIX's internal testing indicated that the material met all required specifications, per the filing. It identified actions to address the remaining specification parameters after receiving the feedback.It continues to expect the start of mass production sales to its lead customer to begin in the second half of 2027.Its shares climbed 7% in recent trading on Thursday.

ASX:NVX
Asia

Novonix US Project Selected for South Korea-US Initiative

Novonix's (ASX:NVX) Riverside synthetic graphite anode active material project has been selected for a South Korea-US government-led initiative designed to connect major US infrastructure projects with Korean companies, investors and strategic financing partners, according to a late Tuesday statement by the company.The program aims to turn government-to-government cooperation into commercial opportunities by linking project developers with Korean industry players, financial institutions, and public agencies.

ASX:NVX
Asia

Novonix Raises Nearly AU$963,000 Through Share Purchase Plan

Novonix (ASX:NVX) secured AU$962,600 before costs through its share purchase plan, with around 89 eligible shareholders subscribing for about 6 million new shares at AU$0.16 each, according to a Tuesday Australian bourse filing.The proceeds will be used to fund capital expenditure aimed at expanding production capacity to meet forecast customer demand, per the filing.The new shares are scheduled to be issued on Wednesday, commence trading on the Australian Securities Exchange on Thursday, and will rank equally with the company's existing ordinary shares, the filing added.

ASX:NVX
Asia

NOVONIX Brings Share Purchase Plan Closing Date Forward

NOVONIX (ASX:NVX) revised the share purchase plan timetable and brought forward the closing date to July 17, from the closing date of Aug. 14, according to a Friday Australian bourse filing.This came after the firm secured waivers from ASX Listing Rules 7.1 and 10.11.The record date for the share purchase plan was June 16, and the opening date was June 22.

ASX:NVX
Asia

Novonix Gets Listing Rule Waivers for Share Purchase Plan

Novonix (ASX:NVX) said it received waivers from the Australian Securities Exchange to execute a share purchase plan at an issue price of AU$0.16 per share without shareholder approval, according to a Monday filing with the bourse.The waivers will allow the shares to be excluded from calculating the company's available placement capacity, and its directors will be able to participate in the share purchase plan, per the filing.The waivers are conditioned on the issue price of the shares being at least AU$0.16 each, and the number of shares to be issued under the plan must not surpass 30% of the company's shares on issue.Novonix said seeking shareholder approval would have delayed the share purchase plan and prevented it from offering the shares on the same terms as a separate institutional placement.

ASX:NVX
Asia

Novonix Shareholder Bank of New York Mellon Reduces Stake

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.

ASX:NVX
Asia

NOVONIX Opens Share Purchase Plan; Shares Hit All-Time Low

NOVONIX (ASX:NVX) opened the share purchase plan disclosed on June 17, aiming to raise up to AU$3 million and allowing eligible shareholders to subscribe for up to AU$30,000 of new shares, according to a Monday filing with the Australian bourse.The company has applied for waivers to enable the share purchase plan to be conducted at the price of the institutional placements at AU$0.16 per share and for the shares to be issued as an exception to its placement capacity, the filing said.If waivers are not granted, the share purchase plan will require shareholder approval, per the filing.Shares fell nearly 3% in morning trade on Monday and earlier hit an all-time low.

ASX:NVX
Asia

Novonix to Raise Nearly AU$21 Million Through Placement; Targets AU$3 Million Share Purchase Plan; Shares Fall 25%

Novonix (ASX:NVX) secured firm commitments for about AU$20.7 million through a share placement to institutional investors priced at AU$0.16 per share, according to a Wednesday filing with the Australian bourse.The company is also launching a non-underwritten share purchase plan at the same price. The plan will run from June 22 to Aug. 14, and will raise about AU$3 million before costs if it is fully subscribed.As the share purchase plan entails a higher discount than the maximum 20% allowed, it is subject to either a waiver of ASX listing rules or shareholder approval, the company said.Novonix plans to use the aggregate proceeds for capital expenditure to support production capacity and meet customer demand forecasts.The company's shares fell 25% in recent Wednesday trade.

ASX:NVX
Asia

Novonix Delivers Key Synthetic Graphite C-Sample to Panasonic; Shares Up 15%

Novonix (ASX:NVX) delivered a mass production qualification C-sample of synthetic graphite anode active material to Panasonic Energy, marking a key milestone toward potential commercial supply, according to a Thursday Australian bourse filing.The company said this marks the first known delivery in North America of a synthetic graphite C-sample, per the filing.Internal testing shows the material complies with Panasonic's required specifications, but formal validation has yet to be completed, the filing said.The company expects mass production for Panasonic to begin in the second half of 2027, subject to successful qualification by Panasonic and its customers, reaffirming prior guidance, the filing added.The company's shares rose past 15% in recent Thursday trade.

ASX:NVX
Asia

NOVONIX CFO to Step Down

NOVONIX (ASX:NVX) said that Chief Financial Officer Robert Long will be leaving the company in July to pursue other opportunities, according to a Tuesday Australian bourse filing.Chair Ron Edmonds will serve as interim CFO while the company searches for a permanent successor and will step aside as chair during this period, per the filing.Deputy Chair Robert Natter will assume the role of chair, the filing added.The company's shares fell 2% in recent Tuesday trade.

ASX:NVX
Asia

NOVONIX Closes Sale of Canadian Noncore Business to Former CEO, Shares Jump 6%

NOVONIX (ASX:NVX) finalized and closed the divestment of its NOVONIX Battery Technology Solutions business in Canada to its former Chief Executive Officer, Chris Burns, for a transaction price of $1, according to a Friday Australian bourse filing.NOVONIX Battery Technology Solutions will operate as two independent companies, Avrion Battery Labs and Dryve Battery Materials.NOVONIX will receive a 15% equity stake in the cathode business, which will operate under Dryve Battery Materials. It will also provide certain transition services and grant the buyer a trademark license through Dec. 31.Its shares jumped 6% in recent trading on Friday.

ASX:NVX
Japan

ASX Midday Sector Update: Real Estate Stocks Marginally Higher, Information Technology Falls

Real estate stocks were marginally higher in midday trading Friday, as all other sectors flashed red amid continued uncertainty surrounding the US-Iran ceasefire and the passage of oil through the Strait of Hormuz.Shares of GPT Group (ASX:GPT) rose less than 1% after the company said it continues to expect full-year 2026 funds from operations of about AU$0.354 per security, representing growth of roughly 4%.Information technology stocks fell 3% to lead broader declines, followed closely by energy stocks, which were down 2%.NOVONIX (ASX:NVX) was up almost 4% after saying the US Government has certified its Riverside project in connection with $103 million in tax credits previously allocated under the Advanced Energy Project Credit Program.

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