Piedmont Lithium (PLL) Announces Proposed 1.5M ADS Offering
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Piedmont Announces Proposed U.S. Public Offering of American Depositary Shares
March 22, 2021 4:02 PM EDTNEW YORK--(BUSINESS WIRE)-- Piedmont Lithium Limited (Piedmont or the Company) (Nasdaq:PLL; ASX: PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (ADSs), with each ADS representing 100 of its ordinary shares (Public Offering).
J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the Public Offering. Piedmont intends to grant the underwriters a 30-day option to purchase up to 225,000 additional ADSs at the issue price of the Public... More
