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Livent Corporation (NYSE: LTHM) and Allkem Limited (ASX|TSX: AKE, OROCF) have announced a special meeting for stockholders to vote on their proposed merger on December 19, 2023. The merger aims to create a new entity, Arcadium Lithium plc, poised to enhance lithium production capabilities.
Special Meeting and Voting Details
Livent’s special meeting will occur virtually at 9:00 a.m. Eastern Time. Stockholders as of November 14, 2023, will have voting rights. Livent’s Board of Directors endorses a favorable vote for the merger, which they announced on May 10, 2023.
SEC Registration Statement Effective
Arcadium Lithium’s Form S-4 registration statement has been declared effective by the SEC. This document doubles as a proxy statement for Livent stockholders and a prospectus for Arcadium Lithium shares issuance.
Shareholder Support Services
Stockholders seeking assistance with the proxy card or requiring additional information can contact Morrow Sodali, LLC.
Transaction Closure and Conditions
The merger’s completion, scheduled for January 4, 2024, is contingent upon approvals from Livent and Allkem shareholders and the Australian court.
About Livent
For nearly 80 years, Livent has been a key player in the lithium industry, offering a wide range of high-quality lithium compounds. With a global workforce and manufacturing presence, Livent continues to support the demand for lithium in various innovative applications.
Forward-Looking Statements
This announcement contains forward-looking statements regarding the merger’s potential benefits and the future performance of the combined company. These statements are based on current estimates and projections and are not guarantees of future performance.
No Offer or Solicitation
This communication is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Additional Information and Where to Find It
Investors should read the proxy statement/prospectus and other documents filed with the SEC carefully before making any voting or investment decisions. These documents are available free of charge on the SEC’s website and Livent’s investor relations page.
Participants in the Solicitation
Livent, Allkem, and Arcadium Lithium’s directors, executive officers, and other members of management may be deemed participants in the solicitation of proxies. Information about their direct or indirect interests in the merger is available in the proxy statement/prospectus and other relevant materials filed with the SEC.
Company Website: https://www.allkem.co
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