NOVONIX’s Concludes $63 million Equity Raising & Capital Restructuring

  • Jul 01, 2020 AEST
  • Team Kalkine

Working towards supporting global deployment of lithium-ion battery (LIB) technologies for a cleaner energy future, NOVONIX LIMITED (ASX:NVX) has completed $ 63 million Equity Raising announced on 29 May 2020. Below are the key details-

  • Outstanding convertible notes have been redeemed
  • Short-term loans from Directors and related parties have been repaid
  • 5 million Options over new shares in NVX have been cancelled, as part of the broader transaction.

Equity Raising and updated Capital Structure is likely to enable NVX in execution of its strategy to be a market leader, producing high performance and competitively priced battery anode materials for LIB, apt for EVs and ESS.

NVX quoted $ 0.87 at 11:47 AM AEST on 1 July 2020.


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