Standard Lithium closes $130M (U.S.) public offering

Executive Summary

• Standard Lithium Ltd. has closed its previously announced underwritten public offering of common shares, raising approximately $130 million in gross proceeds.
• The shares were sold at $4.35 per share, with the company issuing 29,885,057 common shares.
• Net proceeds are designated for capital expenditures at the South West Arkansas and Franklin projects, as well as working capital and general corporate purposes.

Key Details

• Transaction Structure: Underwritten public offering of common shares.
• Gross Proceeds: Approximately $130 million (U.S.).
• Share Price: $4.35 (U.S.) per common share.
• Shares Issued: 29,885,057 common shares.
• Underwriters: Led by Morgan Stanley and Evercore ISI as co-lead book-running managers; included BMO Capital Markets, Canaccord Genuity, Raymond James, Roth Capital Partners, and Stifel.
• Over-Allotment Option: The underwriters were granted an option to purchase up to 4,482,758 additional common shares at the issue price, exercisable for up to 30 days after closing.
• Use of Proceeds: Financing capital expenditures at the South West Arkansas project and the Franklin project in east Texas, plus working capital and general corporate purposes.
• Regulatory Filings: Filed final prospectus supplements with securities commissions in all Canadian provinces/territories (except Quebec) and with the U.S. SEC under Form F-10.