Recent Updates — NVNXF

Novonix repaid US$14 million in convertible debentures following an amortization event triggered by share price conditions, reducing its cash balance to US$33.7 million and leaving 3.4 quarters of runway. The company also amended its supply framework with PowerCo, removing volume commitments as the partner defers production to 2029. Additionally, Novonix secured ISO 9001 certification for its Tennessee facility and entered a non-binding MOU with ACP Technologies for domestic graphite development. The company manufactures synthetic graphite anode active materials for lithium-ion batteries.

NOVONIX Limited has made a second amortisation payment of US$7,000,000 to YA II PN, Ltd, an affiliate of Yorkville Advisors Global. The payment was triggered because the daily volume weighted average price of NOVONIX shares on the ASX fell below the A$0.12 floor price specified in the funding agreement for convertible debentures. Consequently, convertible debentures with a face value equal to the payment amount have been redeemed, reducing the outstanding balance under the agreement to US$21,000,000. The payment was funded from existing cash reserves. If the share price remains below the floor, further amortisation payments of 20% of the outstanding amount will be due on a rolling 30-day basis until the event ceases or the debt is repaid in full. NOVONIX produces high-performance synthetic graphite anode materials for lithium-ion batteries.

Novonix Limited issued 2,069,742 performance rights to employees on October 22, 2026, as part of its ongoing employee incentive scheme. The securities were classified as a new unquoted class and do not rank equally with existing quoted ordinary shares. This issuance was exempt from shareholder approval under Listing Rule 7.2(13). Following this issue, the total number of performance rights on issue stands at 22,693,082. Novonix Limited operates in the lithium-ion battery recycling and materials processing industry.

Novonix Limited redeemed 7,000,000 NVXAH convertible debentures with a total face value of US$7 million on September 21, 2026. The cessation was triggered by an amortisation event as previously announced on September 10, 2026. No consideration was paid to holders for this redemption. Novonix Limited operates in the lithium-ion battery recycling and materials processing industry.

Novonix Limited redeemed 7,000,000 NVXAH convertible debentures with a total face value of US$7,000,000 on October 22, 2026. The cessation was triggered by an amortisation event, resulting in the repayment of the debt without conversion into equity. Following this redemption, 28,000,000 NVXAH convertible debentures remain outstanding. Novonix Limited operates in the lithium-ion battery recycling and materials processing industry.

NOVONIX Limited has achieved ISO 9001:2015 quality management system certification following an independent assessment. This milestone supports the company's efforts to scale its Riverside facility in Chattanooga, Tennessee, for the commercial production of high-performance synthetic graphite active anode material (AAM). The certification serves as a benchmark for quality and reliability required by major battery cell manufacturers during customer qualification processes. NOVONIX is building a resilient North American battery materials supply chain to produce synthetic graphite anode materials for lithium-ion batteries used in energy storage, electric vehicles, industrial, and defense markets.