Piedmont Lithium Inc. announced on August 11, 2025, that its Special Meeting of Stockholders was adjourned for a second time, now until August 22, 2025. The adjournment was due to the continued lack of a quorum, as a majority of the outstanding shares were not present to approve the proposed merger with Sayona Mining.
At the time of the August 11 meeting, 48.50% of the common stock outstanding were present, still falling short of the required majority for quorum. Despite this, 97.77% of the votes cast were in favor of the merger proposal, indicating strong support among participating shareholders.
The company emphasized that the merger cannot proceed without shareholder approval and urged every shareholder who has not yet voted to do so as soon as possible. This further delay underscores the challenge in achieving the necessary shareholder turnout for the transformative transaction.
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