Sayona Mining (ASX:SYA) and Piedmont Lithium (ASX:PLL) signed a definitive agreement to combine in an all-stock merger, according to a Tuesday filing with the Australian bourse.
Post-merger, ownership will be split 50-50 between Sayona and Piedmont shareholders on a fully diluted basis. Sayona, the ultimate parent entity, is seeking roughly AU$40 million via an unconditional institutional placement as part of the planned merger. About 1.25 billion new shares are on offer at an issue price of AU$0.032 apiece.
Upon closing, Sayona will also conduct a conditional placement for AU$69 million in MergeCo to Resource Capital Fund, the filing stated.
Meanwhile, Piedmont plans to raise another AU$40 million to fund the combined entity.
The merger is expected to close in the first half of 2025, subject to certain conditions, including shareholders' approval.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。