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Sayona Mining Ltd (ASX:SYA; OTCQB:SYAXF) announced Wednesday a revised timetable for its proposed merger, conditional placement, and share consolidation. The updated schedule, outlined in a press release and detailed in a filing with the U.S. Securities and Exchange Commission, adjusts the sequence of these corporate actions.
According to the company, the share consolidation will now occur after the completion of the merger and conditional placement, pending approval by Sayona shareholders. Previously, the consolidation was set to take place before these events.
Key dates in the revised timetable include the Sayona extraordinary general meeting (EGM) set for 10:30am AEST on July 31, 2025, where shareholders will vote on the proposed resolutions. The Piedmont Lithium stockholder meeting is scheduled for 11:00am ET on the same day. Completion of the merger is targeted for August 12, 2025, followed by the issuance of conditional placement shares to RCF on August 15, 2025.
The share consolidation is planned to become effective on September 1, 2025. The last day of trading in Sayona shares before the consolidation is set for September 2, 2025, with trading in consolidated shares commencing on a deferred settlement basis on September 3, 2025. The record date for the share consolidation is September 4, 2025, and new holding statements are scheduled to be dispatched to shareholders on September 9, 2025.
The company noted that these dates are subject to shareholder approval and satisfaction of other conditions. All times and dates are provided in Australian Eastern Standard Time unless otherwise indicated.
This information is based on a press release statement and the company’s SEC filing.
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