Piedmont Lithium Inc. merger information released by Nasdaq

Piedmont Lithium Inc. merger information released by Nasdaq

BELMONT, N.C.--Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products, has announced the results of its Special Meeting of Stockholders held virtually on August 22, 2025. The meeting saw overwhelming approval of all proposals presented by the company, including the merger with Sayona Mining Limited.

The merger agreement, dated November 18, 2024, was approved by a majority of the voting power of shares of common stock present or represented at the meeting. The proposal received 11,550,191 votes in favor, 268,133 votes against, and 95,966 abstentions. The approval rate was 96.94%, with only 2.25% voting against and 0.81% abstaining.

Additionally, the stockholders approved, on a non-binding, advisory basis, the compensation that will or may become payable by Piedmont to its named executive officers in connection with the merger. This proposal received 10,019,237 votes in favor, 1,451,239 votes against, and 443,814 abstentions, with an approval rate of 84.09%.

The meeting also saw the approval to postpone or adjourn the Special Meeting if necessary, receiving 10,786,012 votes in favor, 789,712 votes against, and 338,566 abstentions. The approval rate was 90.53%.

Piedmont Lithium, through its CEO Keith Phillips, expressed gratitude for the support of shareholders, employees, and partners as the company moves forward with the merger to form Elevra Lithium. The merger is expected to create a stronger, simpler company with the scale and resources to become one of the leading lithium suppliers.

The next steps for the merger include adhering to the timetable of key dates associated with the merger closing, as outlined in Piedmont's release dated August 22, 2025.

References:
[1] https://www.nasdaq.com/press-release/piedmont-lithium-reports-results-special-meeting-stockholders-2025-08-22