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NOVONIX redeems US$7M in convertible debentures

If the Amortisation Event continues, further payments are due on a rolling 30-day basis, each equal to 20% of the amount outstanding at the time of the event.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

NOVONIX Limited (NVX) made a second amortisation payment of US$7,000,000 to YA II, PN, Ltd. under its funding agreement. Convertible debentures with an aggregate face value equal to the payment were redeemed, reducing the amount outstanding under the agreement to US$21,000,000. NOVONIX funded the payment from existing cash reserves.

If the Amortisation Event continues, the agreement provides for further payments on a rolling 30-day basis, each equal to 20% of the Amount Outstanding at the time of the event, until the event ceases or the amount outstanding is repaid in full. The event occurs if the daily VWAP of the company's shares on ASX is below the A$0.12 Floor Price for the period specified in the agreement.

Second amortisation payment US$7,000,000 Payment made to YA II, PN, Ltd.
Amount outstanding US$21,000,000 Under the funding agreement after the second amortisation payment
Maximum aggregate face value US$100,000,000 Convertible debentures under the funding agreement
Floor Price A$0.12 Threshold referenced in the Amortisation Event
Further payment amount 20% Of the Amount Outstanding at the time of the Amortisation Event
Further payment basis 30-day Rolling basis if the Amortisation Event continues
Amortisation Event financial
"this constitutes an amortisation event"
daily volume weighted average price financial
"daily volume weighted average price (“VWAP”)"
Floor Price financial
"lower than the Floor Price of A$0.12"
The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.
convertible debentures financial
"issue of convertible debentures"
Convertible debentures are loans a company issues that pay interest like a bond but can be swapped later for the company’s shares at a set price. For investors they act like a safety-net plus a shortcut: you get regular interest payments while retaining the option to join ownership if the share price rises, which offers upside potential but can dilute existing shareholders if conversion occurs.
Amount Outstanding financial
"20% of the Amount Outstanding"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did NVX pay in its second amortisation payment?

NOVONIX paid US$7,000,000 to YA II, PN, Ltd. Convertible debentures with an aggregate face value equal to the payment were redeemed, and NOVONIX funded it from existing cash reserves.

How much is outstanding under NOVONIX's funding agreement?

The amount outstanding under the agreement was reduced to US$21,000,000 after the second amortisation payment.

When does NOVONIX's agreement require further amortisation payments?

If the Amortisation Event continues, further payments are due on a rolling 30-day basis, each equal to 20% of the Amount Outstanding at the time of the event. The event occurs if the daily VWAP of NOVONIX's shares on ASX is below the A$0.12 Floor Price for the period specified in the agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of October, 2026

 

 

001-41208

 

 

(Commission File Number)

 

 

NOVONIX LIMITED

(Translation of registrant’s name into English)

 

Level 38

71 Eagle Street

Brisbane, QLD 4000 Australia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20‑F or Form 40‑F.

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 


 

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

Exhibit 99.1

 

ASX Announcement (Second Amortisation Payment under Funding Agreement) dated October 22, 2026

 

 

 

 


 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NOVONIX LIMITED

 

 

 

 

 

 

By:

 

/s/ Mike O'Kronley

 

 

Mike O'Kronley

 

 

Chief Executive Officer

 

 

Date: October 22, 2026


 

 

Exhibit 99.1

img58969013_0.jpg

ASX ANNOUNCEMENT

(ASX: NVX)

 

 

Second Amortisation Payment under Funding Agreement

 

Chattanooga, TN (USA), 22 October 2026 - NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), refers to its ASX announcements dated 24 July 2025 and 10 September 2026 regarding the funding agreement entered into with YA II PN, Ltd (the “Investor”), an affiliate of Yorkville Advisors Global, LLC, for the provision of funding by way of the issue of convertible debentures with a maximum aggregate face value of up to US$100,000,000 (the “Agreement”).

Under the terms of the debenture Agreement, if the daily volume weighted average price (“VWAP”) of the Company's shares on ASX was lower than the Floor Price of A$0.12 for the period specified in the Agreement, this constitutes an amortisation event (“Amortisation Event”).

The Company advises that it has now made a second amortisation payment of US$7,000,000 to the Investor (the “Second Amortisation Payment”). Convertible debentures with an aggregate face value equal to the Second Amortisation Payment have been redeemed, and the amount outstanding under the Agreement has reduced correspondingly to US$21,000,000.

Ongoing Amortisation Obligations

If the Amortisation Event continues, the Agreement provides for further amortisation payments to be made on a rolling 30-day basis, in an amount equal to 20% of the Amount Outstanding at the time of the Amortisation Event, until the earlier of the Amortisation Event ceasing or the Amount Outstanding being repaid in full.

The Company will continue to monitor its share price against the Floor Price and will keep the market informed in accordance with its continuous disclosure obligations under the ASX Listing Rules.

Funding of the Second Amortisation Payment

The Second Amortisation Payment was funded from the Company’s existing cash reserves.

 

This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.

 

 

 

1029 West 19th Street; Chattanooga, TN 37408; USA | novonixgroup.com

img58969013_1.jpg

 


 

img58969013_0.jpg

ASX ANNOUNCEMENT

(ASX: NVX)

 

 

 

About NOVONIX
NOVONIX is building a resilient North American battery materials supply chain to reduce risk and support U.S. energy independence. Headquartered in Chattanooga, Tennessee, the company produces high-performance synthetic graphite anode materials for lithium-ion batteries, serving energy storage, electric vehicles, and industrial markets. Through proprietary technologies and expanding manufacturing capacity, NOVONIX is scaling critical battery materials to meet growing global demand.


To learn more, visit us at
www.novonixgroup.com or on LinkedIn and X.

For NOVONIX Limited
Investors:
ir@novonixgroup.com
Media:
media@novonixgroup.com

Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which it operates. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements made regarding future amortisation payments and amortisation events, our market position in general, and efforts to develop a North American battery materials supply chain.

The Company has based such statements on current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of its furnace technology, ability to meet the technical specifications and demand of existing and future customers, the accuracy of estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and compliance with the applicable terms of government

 

 

 

1029 West 19th Street; Chattanooga, TN 37408; USA | novonixgroup.com

img58969013_1.jpg

 


 

img58969013_0.jpg

ASX ANNOUNCEMENT

(ASX: NVX)

 

 

 

funding and other support, ability to obtain patent rights effective to protect its technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory and economic developments in the United States, Australia, and other jurisdictions. These and other factors that could affect its business and results are included in its filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting the Company’s Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.

Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

 

 

 

 

 

 

 

1029 West 19th Street; Chattanooga, TN 37408; USA | novonixgroup.com

img58969013_1.jpg

 


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