NOVONIX Ltd (AU:NVX) has released an update.
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NOVONIX Limited has received approval from the ASX for waivers that allow the company to issue new shares under its Share Purchase Plan without shareholder approval. This move enables NOVONIX to offer shares at $0.60 each, aligning with previous placements, and helps streamline their fundraising efforts in the battery technology sector. The decision, expected to boost investor interest, comes as NOVONIX continues to expand its position in the electric vehicle and energy storage markets.
For further insights into AU:NVX stock, check out TipRanks’ Stock Analysis page.
