NOVONIX, a battery materials company in Chattanooga, has been notified by NASDAQ that it is out of compliance with minimum share price requirements. The company's American Depositary Receipts (ADRs) have traded below $1.00 for 30 consecutive business days, triggering the deficiency. No action taken immediately, but the company will continue to be listed on NASDAQ during the compliance period. The firm is currently focusing on building a North American battery supply chain and supporting U.S. energy independence.