NOVONIX Limited (ASX: NVX) has entered into a definitive Funding Agreement with YA II PN, Ltd, an affiliate of Yorkville Advisors Global, LP, to raise up to US$95 million through the issuance of unsecured convertible debentures. This funding will support the continued development of NOVONIX’s Riverside synthetic graphite production facility in Chattanooga, Tennessee, and other corporate initiatives.
Under the agreement, US$57 million will be provided across two tranches, with an initial US$24.5 million fully drawn without shareholder approval. A second tranche of US$35.5 million is subject to shareholder approval at an EGM scheduled for 9 September 2025. Additionally, a third tranche of up to US$40 million may be accessed by mutual agreement, bringing total potential funding to US$95 million. The financing provides crucial runway as NOVONIX targets commercial synthetic graphite production for Panasonic later this year.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
