NVX.ASX: Institutional Placement and Launch of Share Purchase Plan

Institutional Placement and Launch of Share Purchase Plan

Stock	Novonix Ltd (NVX.ASX)
Release Time	17 Jun 2026, 10:02 a.m.
Price Sensitive	Yes

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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.