NOVONIX Ltd (NVX) Form 6-K — Oct 22, 2026
NOVONIX made a second amortisation payment of US$7,000,000 under its convertible debenture funding agreement with Yorkville affiliate YA II PN, Ltd, reducing the amount outstanding to US$21,000,000. The payment was triggered because the company's ASX share VWAP traded below the A$0.12 Floor Price specified in the Agreement. If the Amortisation Event continues, NOVONIX must make further rolling 30-day payments equal to 20% of the outstanding balance until it is repaid in full. The payment was funded from existing cash reserves, adding to cash burn concerns.
Key figures
- Debt Amount
- 21000000
- Floor price aud
- A$0.12
- Payment frequency
- rolling 30-day basis
- Second amortisation payment usd
- 7000000
- Maximum debenture face value usd
- 100000000
- Rolling payment percent of outstanding
- 20%
AI analysis
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