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Elevra Lithium Ltd (ASX:SYA; NASDAQ:ELVR; OTCQB:SYAXF), formerly known as Sayona Mining Limited, announced Monday the completion of its previously approved share consolidation. The consolidation, authorized by shareholders at an extraordinary general meeting on July 31, involved converting every 150 existing Sayona shares into one new share.
Following the consolidation, each American Depositary Share (ADS) now represents 10 Sayona shares, adjusted from the previous 1,500, with no change to the total number of ADSs outstanding. The company reported its updated capital structure as 168,458,841 fully paid ordinary shares, 1,771,386 performance rights, and a combined 2,738,510 options expiring on various dates and at various prices.
New holding statements reflecting the post-consolidation positions have been sent to securityholders. Trading on a normal T+2 basis is expected to begin from the start of trading Monday.
The company also provided an update on its corporate identity. The name change from Sayona Mining Limited to Elevra Lithium Limited is expected to take effect from the commencement of trading on September 26, 2025, alongside a change of the ASX ticker from ‘SYA’ to ‘ELV’. The revised timetable for these changes has been approved by the Australian Securities Exchange.
All times and dates referenced are in Australian Eastern Standard Time and are subject to change.
This information is based on a press release statement included in the company’s recent SEC filing.
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