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NEWS (Still on T1 halt)
Novonix to Raise Over AU$44 Million via Share Placement
NOVONIX Ltd is set to raise approximately
A$44.4 million through a fully underwritten placement aimed at advancing commercial production of high-performance battery-grade synthetic graphite. A significant portion of this funding will come from a strategic investment by its largest shareholder, Phillips 66, which will increase its stake in the company. The raised capital will be used to equip NOVONIX's Riverside facility, targeting a 2025 production capacity of 3,000 tonnes per annum, further bolstering
A$44.4 million through a fully underwritten placement aimed at advancing commercial production of high-performance battery-grade synthetic graphite. A significant portion of this funding will come from a strategic investment by its largest shareholder, Phillips 66, which will increase its stake in the company. The raised capital will be used to equip NOVONIX's Riverside facility, targeting a 2025 production capacity of 3,000 tonnes per annum, further bolstering
Battery technology company Novonix (ASX:NVX) is set to raise about AU$44.4 million via the placement of up to 86.8 million shares priced at AU$0.60 apiece, according to a Tuesday filing with the Australian bourse.
Phillips 66, the company's largest shareholder, agreed to subscribe for 12.8 million new shares to raise roughly $5 million, pending shareholder approval, the filing said.
The company also plans to raise an additional AU$5 million through a share purchase plan of up to 8.3 million shares for eligible shareholders at the same offer price as the placement.
Proceeds will be used to cover key property, plant, equipment, and facility costs at the Riverside facility in Tennessee, according to the filing.
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Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Trytosaveabit : Man I will be looking for the bottom on this when it opens back up! That’s like a 1/3 of its trading price!
MooMamaLlama : .60.... it's hard to take that they're offering institutions such a discount and diluting the rest of us .... but moreover pumping news of offtake agreement the day before this halt was a dirty dirty dirrrrrty trick. I've championed this stock for a long time and I feel icky!
MooMamaLlama : that being said, if it goest to .60 on market I'd sell my soul to jump in bigger
Trytosaveabit MooMamaLlama : No need to feel that way! You can’t know that they are going to screw investors to make money to continue operations! It sux but I just take it in stride with the rest of the market manipulation! Hehehe! At least here you know what and why they did it! They are tryin to make it all back in the future! Whereas the SS’s/MM’s are just out to F*CK retail over everyday as long as they can overstuff their pockets! Hehehe
Trytosaveabit MooMamaLlama : Hehehe! Under a buck and I’m all over that in a huge way myself! Hehehe
Trytosaveabit MooMamaLlama : Hey MAMA! You’re getting close! As I start writing this you are at .79AUS! Hehehe! You just may get that .60AUS or lower by tomorrow!!! GL Darlin!
MooMamaLlama Trytosaveabit : if they didn't pump that news day before halt I wouldn't be so mad
can't tell me that was a decision made and announced in just a few hours 
MooMamaLlama Trytosaveabit : thanks @Trytosaveabit![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I'm still watching, it's still dropping lol We'll see what eow brings
MooMamaLlama Trytosaveabit : thanks, I agree with that...they are setting up to make bank, it would be something I'd be happy about usually
it's just SUCH a big discount! I saw an article that likened it to a punch in the face and I gotta admit that's how I felt..
Trytosaveabit MooMamaLlama : I get it! They talk it up and then pull this