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BNYMC Acquires Substantial Stake in NOVONIX Ltd
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BNYMC Acquires Substantial Stake in NOVONIX Ltd

NOVONIX Ltd (AU:NVX) has released an update.

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The Bank of New York Mellon Corporation (BNYMC) has emerged as a substantial holder in NOVONIX Ltd, acquiring a 5.06% stake with 24,747,299 ordinary shares as of July 12, 2024. The acquisition details, including the voting power and nature of relevant interests, have been disclosed in line with the Corporations Act 2001 requirements. BNYMC, along with its Group Entities, is now a notable investor in the Australia-based battery materials company.

For further insights into AU:NVX stock, check out TipRanks’ Stock Analysis page.

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