ASX:NVXElectronic
Capital Injection and BNY Mellon's Larger Stake Could Be a Game Changer for NOVONIX (ASX:NVX)
Earlier this week, NOVONIX Limited announced the issuance of 48,044,482 new shares on the Australian Securities Exchange after the conversion of convertible debentures to strengthen its capital structure and position in the battery materials sector.
BNY Mellon’s recent move to increase its holding in NOVONIX from 8% to 10% illustrates growing international institutional interest, especially from US investors using the ADR system.
We'll explore how BNY Mellon's heightened stake and the share...