InvestSMART

NOVONIX Limited (ASX:NVX)

ALERT: Price-sensitive ASX Announcement for NVX
Current share price for NVX : $0.155 -0.12 (-43.64%)+
Announcement
Release
18 Mar 2026 9:42AM
Price at Release
$0.275
Full Release
download
Summary
NOVONIX Limited announced that it received a Nasdaq notification regarding its non-compliance with the minimum bid price requirement as its American Depositary Receipts (ADRs) have been trading below US$1.00 per ADR for 30 consecutive business days. The company has 180 days to meet the compliance requirement of maintaining a closing bid price of at least US$1.00 for 10 consecutive business days. This notice has no immediate impact on NOVONIX's Nasdaq listing, and its ordinary shares on the ASX remain unaffected. NOVONIX is considering options to regain compliance and will monitor its securities closely. Headquartered in Chattanooga, Tennessee, NOVONIX is focused on producing high-performance synthetic graphite anode materials to support the battery materials supply chain in North America.
Key Points
  • NOVONIX Limited received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement.
  • The company's ADRs have been trading below the required US$1.00 per ADR for 30 consecutive business days.
  • NOVONIX has 180 days to regain compliance with the Nasdaq Listing Rules.
  • The notice does not immediately affect the listing of NOVONIX's ADRs on Nasdaq.
  • NOVONIX's ordinary shares on the ASX are not affected by the Nasdaq notice.
  • The company is considering options to regain compliance and will monitor its securities' bid price.
  • NOVONIX aims to build a resilient North American battery materials supply chain.
  • NOVONIX is involved in the production of synthetic graphite anode materials for lithium-ion batteries.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.