Jun 16, 2026 – 10.56amNovonix, a Tennessee-headquartered battery materials and technology company, has launched a $23.7 million capital raising to meet the demand of its key customer, battery manufacturer Panasonic Energy.Novonix’s Riverside facility in Chattanooga, Tennessee. Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Battery tech play Novonix launches capital raising
The $207 million ASX-listed company had its stockbroker Bell Potter offering new shares at 16¢ a pop, a 33.3 per cent discount to the last close.
130 words~1 min read
