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10 stories mentioning ASX:NVXUpdated 9d ago

Every FINWIRES story that references ASX:NVX, newest first.

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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