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Novonix Raises A$20.7 Million to Boost Battery Material Production
10:02am on Wednesday 17th of June, 2026 AEST
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Novonix Raises A$20.7 Million to Boost Battery Material Production
10:02am on Wednesday 17th of June, 2026 AEST
Key Points
A$20.7 million raised via institutional placement at A$0.16 per share
Share Purchase Plan launched to raise up to A$3 million at same discounted price
Placement price reflects a 33% discount to last traded share price
Funds targeted at capital expenditure to meet forecast customer demand
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