NOVONIX Performance Rights Lapse After Conditions Go Unmet
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NOVONIX Ltd has announced the lapse of 1,342,570 performance rights under ASX code NVXAD due to unmet conditions by the deadline of December 31, 2025. This reduction in potential equity issuance indicates that certain performance milestones were not achieved, tightening the company's capital structure. The latest analyst rating for NOVONIX stock (AU:NVX) is a Hold, with a price target of A$0.45. The current market cap stands at A$365.4M.
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