NOVONIX Makes US$7M Amortisation Payment, Reduces Debt to US$21M

NOVONIX Limited announced it has made a second amortisation payment of US$7,000,000 under its funding agreement with YA II PN, Ltd. This payment reduces the outstanding amount under the agreement to US$21,000,000. The company noted that further amortisation payments may be required if its share price on the ASX remains below the A$0.12 Floor Price. The payment was funded from the company's existing cash reserves.