Update on North American Trading in Novonix Shares
Brisbane, July 22, 2020 AEST (ABN Newswire) - NOVONIX Limited (
ASX:NVX) (GC3:FRA) provides an update regarding overseas trading in the Company's shares following further inbound enquiries from investors from North America and Europe.
Further to the update issued on 10 June 2020 on this matter, the Company has now lodged an application seeking quotation of its shares on the OTCQX(R) Best Market in North America.
As previously advised, OTC Markets Group Inc. (OTCM:OTCMKTS) operates both the OTCQX(R) Best Market and the Pink(R) Open Market for U.S. and global securities. NOVONIX's shares are currently trading on an unsolicited basis on the Pink(R) Open Market operated by OTC Markets Group Inc.
One final US SEC requirement for the application for OTCQX(R) listing is the provision of the Company's audited financial statements for the year ended 30 June 2020 for review by the compliance team at OTC Markets Group Inc. As the Company has a year-end date of 30 June and the 2020 audit for NOVONIX has not yet been completed, the OTC compliance review cannot be finalized at this time. The Company currently expects that the 2020 audit will be completed by mid September.
The Company will provide further updates on the OTCQX(R) listing and efforts to facilitate North American trading in its shares as the matter progresses.
About NOVONIX Limited
NOVONIX Limited (ASX:NVX) (FRA:GC3) (OTCMKTS:NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries. NOVONIX's mission is to support the global deployment of lithium-ion battery technologies for a cleaner energy future.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX(R) Best Market, OTCQB(R) Venture Market, OTCID(TM) Basic Market and Pink Limited(TM) Market. Our OTC Link(R) Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.
Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS(TM) are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
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