February 01 2022 - 09:07AM
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NOVONIX Limited (ASX: NVX, NASDAQ: NVX, OTCQX: NVNXF) (“NOVONIX” or “the Company”), announces that its American Depositary Receipts ("ADRs") will commence trading on the Nasdaq Stock Market (‘Nasdaq’) today and its registration statements on Form 20-F and F-6 have been declared effective by the U.S. Securities and Exchange Commission. The Bank of New York Mellon has been appointed depositary, custodian and registrar for the Level II ADR program.
NOVONIX’s ADRs will trade on Nasdaq under the ticker symbol “NVX” and will complement the existing primary listing of NVX shares on the Australian Securities Exchange ("ASX"). Under the Level II program, the ADRs are based on NOVONIX’s ordinary shares currently on issue. Each ADR represents four (4) fully paid shares of NOVONIX.
An ADR is a negotiable receipt, resembling a stock certificate that is issued by a United States depositary bank appointed to evidence one or more American Depositary Shares. Establishing this program is part of an ongoing strategy to expand NOVONIX’s reach to investors in the United States and make the Company’s securities eligible as a direct investment for North American institutions and fund managers.
Under the program, the owners and holders of ADRs will have the same rights to dividends and distributions and voting powers as the holders of NOVONIX’s ordinary shares (ASX: NVX) and F shares (OTCQX: NVNXF), subject to the terms of the deposit agreement.
The establishment of the program by NOVONIX is not a public offering or issuance of new NOVONIX ordinary shares. For more information about the ADR program, including instructions for converting ordinary shares (ASX: NVX) and F shares NOVONIX (OTCQX: NVNXF) to ADRs can be found on the Company’s investor relations website at https://ir.novonixgroup.com.
This press release does not constitute an o?er to sell, or the solicitation of an o?er to buy, any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such o?er, solicitation or sale would be unlawful prior to registration or quali?cation under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.
This announcement has been authorised for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
About NOVONIX
NOVONIX Limited (ASX: NVX, NASDAQ: NVX, OTCQX: NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the U.S. and Canada and sales in more than 14 countries.
NOVONIX is a leading producer of synthetic graphite anode materials used in the making of lithium-ion batteries that power electric vehicles, personal electronics, medical devices and energy storage units. NOVONIX’s anode materials business is based in Chattanooga, Tennessee, where its goal is to increase capacity to produce 10,000 metric tons per year of synthetic graphite by 2023, with further targets of 40,000 tpa by 2025 and 150,000 tpa by 2030. NOVONIX, which has operations in the U.S. and Canada, is also a global supplier of advanced battery-testing services.
NOVONIX's mission is to enable a clean energy future by producing longer-life and lower-cost battery materials and technologies.
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