NOVONIX Announces Entry into Funding Agreement for up to US$100 Million of Convertible Debentures - NOVONIX

▤ Summary

NOVONIX announced a funding agreement that could provide up to US$95 million through convertible debentures issued to Yorkville Advisors. The company will use the capital to expand its Riverside facility in Chattanooga and support production of synthetic graphite. NOVONIX said commercial-grade shipments should begin later this year, with mass production starting next year for Panasonic. The company also plans to scale total Chattanooga capacity above 50,000 tonnes per annum across its Riverside and Enterprise South sites.

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