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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。