Rights IssueJul 22, 2026, 06:07 AM
NOVONIX Completes SPP, Raises A$962,600 for Capex
AI Summary
NOVONIX Limited successfully completed its Share Purchase Plan (SPP) offer, raising A$962,600 from eligible shareholders. The company issued 6,016,250 fully paid ordinary shares at A$0.16 per share, with approximately 89 shareholders participating. The funds will be utilized for capital expenditure to support production capacity and meet forecast customer demand. This SPP follows a previously completed A$20.7 million institutional placement.
Key Highlights
- Share Purchase Plan (SPP) closed on July 17, 2026.
- NOVONIX raised A$962,600 from the SPP.
- Issued 6,016,250 new shares under the SPP.
- SPP shares were priced at A$0.16 per share.
- Proceeds will fund capital expenditure for production capacity and customer demand.
- Approximately 89 eligible shareholders participated in the SPP.
- SPP shares represent about 0.6% of NOVONIX's ordinary shares on issue.
- SPP followed a A$20.7 million institutional placement completed on June 17, 2026.
Price Impact
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