NOVONIX Announces Drawdown of Additional Tranche of Convertible Debentures

NOVONIX Limited has announced the drawdown of an additional tranche of convertible debentures worth US$40,000,000 (US$38,000,000 net of a 5% discount) in agreement with YA II PN, Ltd, an affiliate of Yorkville Advisors Global, LP. This follows the initial funding agreement announced on July 24, 2025, which provided up to US$57,000,000 in exchange for the issue of up to US$100,000,000 of unsecured convertible debentures to Yorkville. The first and second drawdowns, totaling US$57,000,000, have been fully drawn. The additional tranche is expected to be completed in the coming days. This funding supports NOVONIX's operations in the battery materials and technology sector.