NOVONIX Limited Withdraws Axon Graphite IPO Due to Market Conditions

SEC Filing 6-K (0000950170-25-101076)

NOVONIX Limited (NASDAQ: NVX, ASX: NVX) announced on August 1, 2025, that it will not proceed with the completion of the Share Sale and Purchase Agreement (Mt Dromedary SPA) with Lithium Energy Limited and the spin-out of their consolidated graphite assets via an Initial Public Offering (IPO) of Axon Graphite. The decision was made in light of prevailing market conditions and after consultation with the lead manager. NOVONIX is now reviewing alternative strategies to progress the Mt Dromedary Graphite Deposit and deliver value to its shareholders. The company's nominees, Anthony Bellas and Dr. J. Christopher Burns, have resigned as Directors of Axon Graphite. NOVONIX is a leading battery technology company focused on innovative, sustainable technologies and high-performance materials in the lithium-ion battery industry.