I suspect that most of those that were going to sell will have...

I suspect that most of those that were going to sell will have sold already to raise capital to participate in the raising and waiting for tomorrow to replace what they sold. You would expect a fall after tomorrow, however this is the share market, you never know what announcements will be made in the coming days. Novonix has reached some milestones i.e. supply contact with Samsung SDI for 500 tonnes of Puregraphite, which they will be starting to supply in October, only 4 months away.
With the capital raise they are debt free and have plenty of money to develop further, including integrating the DPMG and scaling up to 2000 tonnes per annum over the next year. Waiting for an announcement regarding a supply agreement with Sanyo/ Panasonic to further put a rocket under this company.