Open OfferJun 22, 2026, 07:02 AM
NOVONIX Opens Share Purchase Plan at A$0.16/Share
AI Summary
NOVONIX Limited has opened its Share Purchase Plan (SPP), allowing eligible shareholders to subscribe for up to A$30,000 worth of new shares at an issue price of A$0.16 per share. This price represents a 33.3% discount to the closing price on June 15, 2026, and a 31.2% discount to the five-day volume-weighted average price. The company aims to raise A$3.0 million through the SPP, with proceeds, combined with a recent A$20.7 million institutional placement, earmarked for capital expenditure to boost production capacity and meet customer demand.
Key Highlights
- Share Purchase Plan (SPP) opens for eligible shareholders.
- Shareholders can subscribe for up to A$30,000 in new shares.
- Issue price set at A$0.16 per share.
- Price represents a 33.3% discount to June 15, 2026 closing price.
- Price represents a 31.2% discount to 5-day VWAP.
- Company targets raising A$3.0 million through the SPP.
- Follows A$20.7 million Institutional Placement.
- Proceeds to fund capital expenditure for production capacity.
Price Impact
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