Piedmont Lithium Inc. announced that the special meeting of stockholders to approve the proposed merger with Sayona Mining Ltd has been adjourned to August 22, 2025. This follows a subscription agreement signed by Sayona and Resource Capital Fund VIII L.P. (RCF) in November 2024, which involved RCF's subscription for Sayona ordinary shares. As a result of the adjournment, Sayona and RCF have agreed to extend the end date of the RCF Subscription Agreement to December 31, 2025. Under revised terms, RCF will also subscribe for options for up to 1.2 billion shares of Sayona, with an exercise price set at AU$0.032. The options will expire on December 31, 2028, and if fully exercised, would provide Sayona with approximately AU$38 million in capital.
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