Brisbane, Australia–(work wire) –NOVONIX Limited (ASX: NVX, NASDAQ: NVX, OTCQX: NVNXF) (“NOVONIX” or the “Company”), that American Depository Receipts (“ADRs”) will begin trading on the NASDAQ Stock Exchange (“NASDAQ”) today and its registration data on Form F-20 and F-6 has been declared effective by the US Securities and Exchange Commission. The Bank of New York Mellon has been designated as Depository, Trustee, and Registrar of the Level II Dispute Resolution Program.
ADRs from NOVONIX will be traded on the Nasdaq under the ticker symbol “NVX” and will complement the existing primary listing of NVX shares on the Australian Securities Exchange (“ASX”). Under the Tier Two Program, the ADRs are based on NOVONIX common stock currently in issue. Each ADR represents four (4) fully paid shares of NOVONIX.
An ADR is a negotiable receipt, similar to a stock certificate issued by a United States Depository Bank that is designated to prove one or more shares of American Depository Shares. The creation of 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 direct investment to North American institutions and fund managers.
Under the Program, holders and holders of ADRs will have the same rights to dividends, distributions and voting powers as holders of NOVONIX Common Stock (ASX: NVX) and F Shares (OTCQX: NVNXF), subject to the terms of the deposit agreement.
The creation of the Software by NOVONIX is not a public offering or issue of new NOVONIX ordinary shares. More information on the ADR Program, including instructions for converting Common Stock (ASX: NVX) and F NOVONIX Shares (OTCQX: NVNXF) to ADR, can be found on the company’s investor relations website at https://ir.novonixgroup.com .
This press release does not constitute an offer to sell, or a solicitation of, any of the Company’s securities, or a solicitation to buy any Company securities, and such securities may not be sold in any state or jurisdiction in which such an offer, solicitation or sale is. Illegal prior to registration or qualification under the securities laws of any state or jurisdiction. Any offers, solicitations, or offers to buy or sell any securities will be made in accordance with the registration requirements of the US Securities Act of 1933, as amended (the “Securities Act”). This announcement is made pursuant to Section 135 under the Securities Act.
This announcement was authorized for release by the President of NOVONIX, Admiral Robert J. Natter, USN Ret.
NOVONIX Limited (ASX: NVX, NASDAQ: NVX, OTCQX: NVNXF) is a developer and integrated supplier of high-performance materials, equipment, and services to the global lithium-ion battery industry with operations in the United States and Canada and sales in more than 14 countries.
NOVONIX is a leading producer of synthetic graphite anode materials used to make lithium-ion batteries that power electric vehicles, personal electronics, medical devices, and energy storage units. Headquartered in Chattanooga, Tennessee, NOVONIX’s anode materials business has a goal of increasing capacity to produce 10,000 MTPA of synthetic graphite by 2023, with additional targets of 40,000 MTPA by 2025 and 150,000 MTPA by 2030. NOVONIX, With operations in the United States and Canada, it is also a global supplier of advanced battery testing services.
NOVONIX’s mission is to enable the future of clean energy by producing more affordable, longer-life battery materials and technologies.
This press release contains forward-looking statements about us and our industry that involve significant risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding the Company’s plans to list in the United States, the commencement of trading of ADRs on the Nasdaq, and regarding future results of operations, financial and business condition. The department’s strategy, plans and objectives for future operations. In some cases, you may select forward-looking statements because they contain words such as “expect,” “believe,” “think,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan” ,” “potential,” “expect,” “project,” “should,” “objective,” “will,” or “will,” or the negativity of these or other similar terms or expressions. We have based these forward-looking statements largely based on our current expectations and expectations about future events and trends that we believe may affect our financial position, results of operations, business strategy and financial needs These forward-looking statements are subject to a number of known and unknown risks, uncertainties, factors and assumptions We do not undertake to update any forward-looking statements contained in the registration statement This is to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unexpected events, except as required by law.We may not actually fulfill the plans, intentions or expectations disclosed in our forward-looking statements, and you should not unduly rely It is based on our forward-looking statements.