Financing ·
Novonix delivered a C-sample of synthetic graphite anode active material to Panasonic Energy, meeting internal…
NVNXFNOVONIX Ltd
Novonix delivered a C-sample of synthetic graphite anode active material to Panasonic Energy, meeting internal specifications and reaffirming mass production commencement in the second half of 2027. The company raised A$21.66 million through an institutional placement and share purchase plan, bringing its cash balance to US$59.5 million as of June 30, 2026. Novonix completed the divestiture of its Battery Technology Solutions division to former CEO Dr. Chris Burns and received U.S. government certification for a US$103 million tax credit under Section 48C for its Riverside facility. Ron Edmonds was appointed Interim CFO while Admiral Robert Natter resumed the role of Chair. The company operates in the battery materials industry, specializing in synthetic graphite anode active material production.