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NOVONIX Ltd (ASX:NVX) Successful Completion of Institutional Placement Offer abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.
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 associa ....
OTCMKTS:NVNXF) provides the following update regarding the planned delivery schedule for the contract to supply Samsung SDI with 500 tons of the PUREgraphite synthetic anode material for use in Lithium Ion batteries. As previously advised, Novonix is in the process of expanding its production capacity for battery-grade synthetic graphite material. The initial phase target capacity is 2,000 tons/annum and will utilize proprietary new furnace technology developed under Novonix s strategic alliance with US-based Harper International Corporation ( Harper ). In this context, Novonix and Samsung SDI have agreed that the full production qualification program should be based around material produced in the 2,000 ton per year expansion. ....
State s biggest business bust-ups of 2020 It was a year that tested businesses to the limit and as expected 2020 had its fair share of heavy-hitting Queensland business bust ups and defections. Business by Emmaline Stigwood Premium Content Subscriber only In a year that tested businesses like no other, 2020 saw plenty of executives switching allegiances, long-term business buddies breaking up and some major legal disputes hit the headlines.
SURF S OUT One of the biggest lawsuits of the year came when Billabong founder Gordon Merchant sued top tier tax firm EY for $58m. Mr Merchant, the Gold Coast surf lover who founded Billabong in 1973, filed a Supreme Court action outlining how following tax advice for a company sale in 2015 had allegedly ended with him being pursued by the tax office, penalised about $13m and banned from running his self managed super fund. ....