Novonix (ASX: NVX) adds 784,817 shares from performance rights conversion

Rhea-AI Filing Summary

NOVONIX Limited has applied to quote 784,817 new ordinary fully paid shares on the ASX, issued on 13 May 2026 after the conversion of performance rights under an employee incentive scheme. These additional shares form part of the existing NVX ordinary share class and rank equally with existing shares.

The shares are being issued for non‑cash consideration, with an estimated value of AUD 0.235 per security. After this quotation, the company reports a total of 862,227,757 NVX ordinary fully paid shares on issue, alongside several classes of unquoted performance rights, options, share rights, convertible notes and convertible debentures.

Key Figures

New shares to be quoted: 784,817 shares Estimated value per new share: AUD 0.235 per security Total quoted ordinary shares: 862,227,757 shares +5 more

8 metrics

New shares to be quoted 784,817 shares NVX ordinary fully paid, issued 13 May 2026

Estimated value per new share AUD 0.235 per security Consideration estimate for newly quoted securities

Total quoted ordinary shares 862,227,757 shares NVX ordinary fully paid after quotation

Unquoted performance rights 30,334,263 rights NVXAD performance rights on issue

Unquoted options 14,016,667 options NVXAA options expiring on various dates at various prices

Unquoted share rights 1,371,566 rights NVXAM share rights on issue

Convertible notes on issue 45,221,586 notes NVXAL convertible notes, unquoted

Convertible debentures on issue 35,000,000 debentures NVXAH convertible debentures, unquoted

Key Terms

performance rights, employee incentive scheme, convertible notes, convertible debentures, +1 more

5 terms

performance rights financial

"Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description PERFORMANCE RIGHTS"

Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.

employee incentive scheme financial

"Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes"

convertible notes financial

"NVXAL CONVERTIBLE NOTES | 45,221,586"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

convertible debentures financial

"NVXAH CONVERTIBLE DEBENTURES | 35,000,000"

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.

ordinary fully paid financial

"NVX | ORDINARY FULLY PAID | | 784,817 | 13/05/2026"

Form 6-K: How Foreign Companies Report to the SEC →

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 May, 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		Appendix 2A (Application for quotation of securities) dated May 13, 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/ Robert Long
	Robert Long
	Chief Financial Officer

Date: May 13, 2026

Appendix 2A - Application for quotation of securities

EXHIBIT 99.1

Announcement Summary

Entity name

NOVONIX LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday May 13, 2026

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

	ASX +security		Number of +securities to
	code	Security description		be quoted	Issue date
	NVX	ORDINARY FULLY PAID		784,817	13/05/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities 1 / 6

Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

1.1 Name of entity

NOVONIX LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

	1.2 Registered number type	Registration number
	ABN	54157690830

1.3 ASX issuer code

NVX

1.4 The announcement is

New announcement

1.5 Date of this announcement

13/5/2026

Appendix 2A - Application for quotation of securities 2 / 6

Appendix 2A - Application for quotation of securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

Appendix 2A - Application for quotation of securities 3 / 6

Appendix 2A - Application for quotation of securities

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class FROM (Existing Class)

ASX +security code and description

NVX:AD : PERFORMANCE RIGHTS

TO (Existing Class)

ASX +security code and description

NVX : ORDINARY FULLY PAID

Please state the number of options
that were exercised or other +convertible securities that were
converted 4,687,512 The first date the options were
exercised or other +convertible
securities were converted 13/5/2026 The last date the options were
exercised or other +convertible
securities were converted 13/5/2026

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying +securities being received by the holder are:

Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key managemetn personnel (KMP) or an +associate?

No

Issue date

13/5/2026

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued

+securities in that class?

Yes

Appendix 2A - Application for quotation of securities 4 / 6

Appendix 2A - Application for quotation of securities

Issue details

Number of +securities to be quoted

784,817

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issue of ordinary shares on the vesting of employee performance rights.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the

+securities to be quoted

0.235000

Any other information the entity wishes to provide about the +securities to be quoted

Appendix 2A - Application for quotation of securities 5 / 6

Appendix 2A - Application for quotation of securities

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the

+securities subject of this application)

ASX +security code and description	Total number of +securities on issue
NVX : ORDINARY FULLY PAID	862,227,757

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
NVXAD : PERFORMANCE RIGHTS	30,334,263
NVXAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	14,016,667
NVXAM : SHARE RIGHTS	1,371,566
NVXAL : CONVERTIBLE NOTES	45,221,586
NVXAH : CONVERTIBLE DEBENTURES	35,000,000

Appendix 2A - Application for quotation of securities 6 / 6

FAQ

What did NOVONIX Limited (NVX) announce in this Form 6-K?

NOVONIX announced the issue and application for quotation of 784,817 new ordinary fully paid shares on the ASX. These shares arise from the conversion of performance rights under an employee incentive scheme and will rank equally with existing NVX ordinary shares.

How many new NOVONIX (NVX) shares are being quoted on the ASX?

NOVONIX is seeking quotation for 784,817 additional ordinary fully paid shares on the ASX. These shares were issued on 13 May 2026 as a result of performance rights converting into ordinary shares under an employee incentive arrangement.

What is the estimated value per NOVONIX share issued from performance rights?

The new NOVONIX shares issued from performance rights have an estimated value of AUD 0.235 per security. The shares are not issued for cash, reflecting non‑cash consideration associated with the company’s employee incentive scheme and related performance rights conversion.

What will NOVONIX’s total quoted share capital be after this issue?

After quotation of the 784,817 new shares, NOVONIX will have 862,227,757 ordinary fully paid NVX shares quoted on the ASX. This figure represents the total number of NVX ordinary shares on issue following the inclusion of the newly converted securities.

Were the new NOVONIX (NVX) shares issued under an employee incentive scheme?

Yes, the converting securities were performance rights issued under an employee incentive scheme. They have now converted into 784,817 ordinary fully paid NVX shares, which the company is applying to have quoted on the ASX as part of its existing ordinary share class.

Does NOVONIX have other unquoted securities on issue besides ordinary shares?

Yes. In addition to its quoted ordinary shares, NOVONIX has unquoted performance rights, options, share rights, convertible notes and convertible debentures on issue. These include classes such as NVXAD performance rights and NVXAL convertible notes, which are not quoted on the ASX.

Filing Exhibits & Attachments

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