NVX 0.82% 61.5¢ novonix limited

To Alxx:"Entitlement Offer cleansing notice"However, in addition...

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    To Alxx:
    "Entitlement Offer cleansing notice"

    However, in addition to the Entitlement Offer, NOVONIX will undertake the Institutional Placement and (subject to shareholder approval) the Strategic Placement. Shares issued under these placements will, assuming full participation represent approximately 24.88% of the ordinary shares on issue following completion of the Equity Raising, with SBEF holding 19.9% of the Company’s issued shares. Accordingly, existing NOVONIX shareholders will be diluted as a result of the Institutional Placement and the Strategic Placement.

    Last edited by Alee26: 28/05/20
 
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