- Battery technology company Novonix (NVX) has a new substantial shareholder; Regal Funds Management
- The awarded investment manager was founded in 2004 and focuses on stocks in Australia and Asia more broadly
- On June 5, Regal Funds Management acquired 14.45 million Novonix shares for a consideration of between 29 cents and 68 cents per ordinary share
- This secured the investment manager a voting power of 6.76 per cent
- Novonix shares closed 15.4 per cent lower today at $1.10 each
Battery technology company Novonix (NVX) has a new substantial shareholder; Regal Funds Management.
The investment manager was founded in 2004 by Andrew and Philip King and its funds have since won numerous awards, including Australian Hedge Fund of the Year.
Yesterday, Novonix announced that Regal Funds Management has become a new substantial shareholder after acquiring 14.45 million Novonix shares.
Those shares were purchased on June 5, 2020 for a consideration of between 29 cents and 68 cents per ordinary share.
The acquisition has secured the Regal Funds Management a voting power of 6.76 per cent.
Novonix shares closed 15.4 per cent lower today at $1.10 each.