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Piedmont Lithium ( (AU:PLL) ) has issued an update.
Piedmont Lithium has issued 2,548 shares of common stock following the conversion of 3,819 Restricted Stock Units. These shares are quoted on NASDAQ and can be converted into CHESS Depositary Interests on the ASX. The company is utilizing an exemption under section 708A of the Corporations Act for the sale of these CDIs, ensuring compliance with relevant legal provisions. This move reflects Piedmont’s strategic financial maneuvers to optimize its market offerings and maintain regulatory compliance.
More about Piedmont Lithium
Piedmont Lithium Inc. operates in the lithium industry, focusing on the production and development of lithium resources. The company is listed on both NASDAQ and ASX, indicating a market focus that spans both the United States and Australia.
YTD Price Performance: -6.25%
Average Trading Volume: 18,547
Technical Sentiment Signal: Strong Buy
Current Market Cap: $164.6M
See more data about PLL stock on TipRanks’ Stock Analysis page.