Standard Lithium Closes $130 Million Underwritten Public Offering

Executive Summary

• Standard Lithium Ltd. closed an underwritten public offering of 29,885,057 common shares at US $4.35 per share, raising approximately US $130 million in gross proceeds.
• The offering was led by Morgan Stanley and Evercore ISI with a syndicate of additional underwriters; the underwriters received an option to purchase up to 4,482,758 additional shares within 30 days.
• Net proceeds are earmarked for capital expenditures at the South West Arkansas Project and the Franklin Project in East Texas, as well as working capital and general corporate purposes.

Key Details

• Shares Issued: 29,885,057 common shares.
• Issue Price: US $4.35 per share.
• Gross Proceeds: Approximately US $130 million.
• Underwriters: Morgan Stanley (co‑lead), Evercore ISI (co‑lead), BMO Capital Markets, Canaccord Genuity, Raymond James, Roth Capital Partners, Stifel.
• Over‑Allotment Option: Up to 4,482,758 additional shares at the same issue price, exercisable for up to 30 days post‑closing.
• Use of Proceeds:
• Funding capital expenditures for the South West Arkansas lithium project (Arkansas) and the Franklin Project (East Texas).
• Working capital needs.
• General corporate purposes.
• Regulatory Filings: Final prospectus supplement filed in Canada and a U.S. prospectus supplement filed with the SEC under Form F‑10 (File No. 333-289110).
• Offering Jurisdictions: United States and all Canadian provinces/territories except Quebec.

Notable Quotes

(No executive quotes were included in the release.)