Piedmont Lithium Adjourns Special Meeting for Acquisition Vote

TL;DR

PLL adjourned meeting to Sep 12 for surrey group deal vote - still negotiating.

AI Summary

Piedmont Lithium Inc. announced the adjournment of its 2025 Special Meeting of Stockholders, originally scheduled for August 11, 2025. The meeting has been rescheduled to September 12, 2025, at 9:00 AM Eastern Time. The purpose of the adjournment is to allow additional time for the company to engage with its stockholders regarding the previously announced proposed acquisition of The surrey Group.

Why It Matters

This adjournment indicates ongoing discussions and potential complexities in Piedmont Lithium's acquisition of The surrey Group, which could significantly impact the company's future operations and shareholder value.

Risk Assessment

Risk Level: medium — The adjournment suggests potential shareholder dissent or a need for further negotiation regarding the acquisition, introducing uncertainty.

Key Numbers

• 2025 — Special Meeting Year (The meeting pertains to the company's 2025 Special Meeting of Stockholders.)

Key Players & Entities

• Piedmont Lithium Inc. (company) — Registrant
• The surrey Group (company) — Target company for acquisition
• August 11, 2025 (date) — Original meeting date
• September 12, 2025 (date) — New meeting date
• 9:00 AM Eastern Time (time) — New meeting time

FAQ

Filing Documents

• ef20053746_defa14a.htm (DEFA14A) — 38KB
• image0.jpg (GRAPHIC) — 261KB
• image1.jpg (GRAPHIC) — 61KB
• 0001140361-25-030218.txt ( ) — 483KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Piedmont Lithium Inc. (Name of Registrant as Specified in Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. PRESS RELEASE | August 11, 2025 | NASDAQ: PLL PIEDMONT LITHIUM ANNOUNCES ADJOURNMENT OF 2025 SPECIAL MEETING OF STOCKHOLDERS UNTIL AUGUST 22, 2025 The Special Meeting of Stockholders has not reached the required quorum; 47.05% of shares outstanding voted in favor of proposed merger Shareholders are strongly encouraged to vote; merger cannot move forward without shareholder approval Special Meeting of Stockholders adjourned to Friday, August 22, 2025 to allow shareholders more time to vote Belmont, North Carolina, August 11, 2025 – Piedmont Lithium Inc. ("Piedmont," the "Company") (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that after convening the Company's 2025 Special Meeting of Stockholders (the "Special Meeting") virtually on Monday, August 11, 2025 at 11 a.m. Eastern Time, the Company adjourned the Special meeting until Friday, August 22, 2025 at 11 a.m. Eastern Time. Piedmont Lithium will be holding its adjourned Special Meeting in virtual-only format, by way of webcast, and no physical or in-person meeting will be held. "With 47.05% of the shares outstanding and 97.77% of the votes case in favor of the proposed merger with Sayona, we've seen meaningful progress and continued strong support for the proposal over the last week," said Keith Phillips, President and CEO of Piedmont Lithium. "However, the fact remains that we have not received votes from the majority of the shares outstanding needed to approve the transaction. This merger cannot move forward without shareholder approval, and we urge every shareholder that has not yet voted to do so as soon as possible." VOTING INSTRUCTIONS FOR COMMON STOCKHOLDERS: Online – Visit www.proxyvote.com and enter the control number provided with your proxy card. By Phone – If you do not know your control number, call (855) 206-1066 VOTING INSTRUCTIONS FOR CHESS DEPOSITARY INTERESTS ("CDIs") HOLDERS: Online – Visit www.investorvote.com.au o Enter the 6-digit control number: 184993 o Provide your SRN/HIN and postcode or country of residence By Phone – Call 1300-237-569 (within Australia) or +61-2-9066-4055 (outside Australia) At the time of the Special Meeting on August 11, a total of 10,645,325 shares of the Company's common stock, or 48.50% of the common stock outstanding and entitled to vote as of June 16, 2025 (including shares of common stock underlying CDIs), the record date for the Special Meeting (the "Record Date"), were present at the Special Meeting, either virtually or represented by proxy, which fell short of the majority of shares of common stock outstanding and entitled to vote required to reach quorum. For the sole reason of the lack of quorum, the Company adjourned the Special Meeting to provide the Company's stockholders additional time to vote their shares. The preliminary voting tabulation, as of the time of the August 11 Special Meeting, is set forth below. As a reminder, the polls remain open and we encourage all stockholders to vote their shares if they have not already done so. Details of the final voting results, including votes validly received at the adjourned Special Meeting, will be tabulated and included with the official minutes of the Special Meeting and will be available for all stockholders in our filings with the U.S. Securities and Exchange Commission within four business days. 1. To adopt the Agreement and Plan of Merger, dated as of November 18, 2024 (as it may be further amended from time to time, the "Merger Agreement"), by and among Sayona Mining Limited, Shock MergeCo Inc., and Piedmont Lithium Inc. (Proposal 1): Votes For Votes Against Abstentions Broker Non-Votes 10,326,253 235,359 83,713 0 2. To approve, 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 contemplated by the merger agreement (Proposal 2): Votes For Votes Against Abstentions Broker Non-Votes 9,063,556 1,238,402 343,367 0 3. To postpone or adjourn the Special Meeting,

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