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NOVONIX Limited (ASX:NVX)

ALERT: Price-sensitive ASX Announcement for NVX
Current share price for NVX : $0.145 -0.095 (-39.58%)+
Announcement
Release
17 Jun 2026 10:02AM
Price at Release
$0.240
Full Release
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Summary
NOVONIX Limited, a leading battery materials and technology company, announced a successful institutional placement raising A$20.7 million at a discounted price of A$0.16 per share, along with a Share Purchase Plan (SPP) aimed at raising an additional A$3.0 million. The funds from this capital raising are planned for use in expanding production capacity to meet growing customer demand. The offer price represents significant discounts to recent trading prices, and the company has applied for waivers from certain ASX listing rules to issue shares under the SPP without requiring shareholder approval. The SPP is set to open on 22 June 2026 and close by mid-August 2026, with Bell Potter Securities Limited as the Lead Manager.
Key Points
  • NOVONIX Limited has announced a successful institutional placement raising approximately A$20.7 million through fully paid ordinary shares.
  • The offer price was set at A$0.16 per share, representing a 31.2% discount to the 5-day VWAP and 33.3% discount to the last traded price.
  • An additional Share Purchase Plan (SPP) is launched to raise approximately A$3.0 million, allowing eligible shareholders to purchase shares at the same price as the institutional placement.
  • The funds will be used for capital expenditure to support production capacity and meet forecast customer demand.
  • A waiver application from ASX Listing Rules 7.1 and 10.11 is intended for issuing shares under the SPP at a greater discount without shareholder approval.
  • The SPP opens on 22 June 2026 and closes on 14 August 2026.
  • Bell Potter Securities Limited acted as the Lead Manager for the institutional placement, receiving a fee of 5% of funds raised.
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.