Novonix Ltd Secures A$20.7M Institutional Placement and Launches SPP
Key points
- NOVONIX secures A$20.7M from institutional and sophisticated investors
- Offer price at A$0.16 per share, a 33.3% discount to last traded price
- SPP offers eligible shareholders A$0.16 per share, aiming to raise A$3.0M
- Funds to support production capacity and meet customer demand
Full summary
Novonix Ltd, a leading battery materials and technology company, has successfully secured A$20.7 million through an institutional placement, with shares offered at a 33.3% discount to the last traded price of A$0.24. In addition, the company is launching a Share Purchase Plan (SPP) for eligible shareholders at the same price, aiming to raise approximately A$3 million. The funds will be used to support production capacity and meet forecast customer demand. The SPP will be available from June 22, 2026, to August 14, 2026, subject to regulatory waivers or shareholder approval.
Guidance
Novonix Ltd aims to raise A$20.7M from institutional placement and A$3M from SPP by FY2026.
Outlook
Novonix plans to use the raised funds to support production capacity and meet customer demand, reinforcing its ability to supply high-quality materials.
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