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NOVONIX Ltd ( (AU:NVX) ) has issued an update.
NOVONIX Ltd has reported the lapse of 1,342,570 performance rights that were on issue under ASX code NVXAD after the conditions attached to those rights were not satisfied or became incapable of being satisfied by 31 December 2025. The cessation of these conditional securities reduces the company’s pool of potential equity issuance tied to performance incentives, marginally tightening its issued capital structure and signaling that certain performance or service milestones linked to these rights were not achieved within the prescribed timeframe.
The most recent analyst rating on (AU:NVX) stock is a Hold with a A$0.45 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
More about NOVONIX Ltd
Average Trading Volume: 11,609,542
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$365.4M
For an in-depth examination of NVX stock, go to TipRanks’ Overview page.