The Company advised that the loan would be comprised of two primary tranches to
support the construction of up to 31,500 tpa of production capacity and that there was an
additional tranche available to fund eligible project costs to be repaid upon receipt of the
monetization of any tax credits received for NOVONIX Enterprise South under the
Qualifying Advanced Energy Project Credit Program (the “48C Program”.
The Company has not been selected to receive tax credits under the 48C Program for
NOVONIX Enterprise South
sounds like it's for the 'additional tranche' ie if\when we sell our tax credits that money automatically pays back the additional tranche.
They must be clarifying other options to pay it if granted and if are we still eligible....but quite a long way off needing that third tranche...
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