India, Aug. 29 -- Piedmont Lithium Inc. (PLL) has completed its merger with Sayona Mining Limited following shareholder approval and fulfillment of all closing conditions.
The combined company, named Elevra Lithium, consolidates complementary assets to create one of the largest hard-rock lithium platforms globally, with a strong pipeline of development-stage projects to meet rising EV and energy transition demand.
Piedmont common stock and Chess Depositary Interests or CDIs will be delisted from Nasdaq and the ASX. Shareholders of Piedmont will receive 0.35133 American Depositary Shares or ADS of Elevra, equivalent to 527 Sayona ordinary shares, for each share of Piedmont common stock. Holders of Piedmont CDIs will receive 5.27 Sayona ord...