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NOVONIX Ltd (ASX:NVX) Equity Raising For Scale-Up of Anode Materials Production
Equity Raising For Scale-Up of Anode Materials ProductionBrisbane, Feb 25, 2021 AEST (ABN Newswire) - NOVONIX Limited (
OTCMKTS:NVNXF) is pleased to announce that it is undertaking a capital raising to raise approximately $146 million, comprising:
- a fully underwritten placement to institutional and sophisticated investors to raiseapproximately $115 million within NOVONIX s current placement capacity under ASXListing Rule 7.1 (Institutional Placement), through the issue of 39.7 million NewShares (representing approximately 11.3% of the total shares of the Company prior tothe issue of New Shares);
- subject to obtaining shareholder approval and completion of the Institutional Placementand SPP, a non-underwritten placement of new shares, at the same issue price pernew share as the Institutional Placement, to each of the following directors of the Company or entities associated with them whic