Piedmont Lithium Inc. filed SEC Form 8-K: Unregistered Sales of Equity Securities, Other Events, Financial Statements and Exhibits

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 20, 2024

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Piedmont Lithium Inc.

(Exact name of registrant as specified in its charter)

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42 E Catawba Street

Belmont, North Carolina 28012

(Address of principal executive offices and zip code)

(704) 461-8000

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing

obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

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Item 3.02 Unregistered Sales of Equity Securities.

On November 18, 2024, Piedmont Lithium Inc. (the “Company”) entered into a placement agreement (the “Underwriting Agreement”) with Canaccord Genuity (Australia) Limited for a placement of CHESS Depositary Interests (“CDIs”) to institutional and professional investors to raise approximately US$27 million (A$40 million) (before costs).  Pursuant to the Underwriting Agreement, Piedmont will issue 238,095,300 CDIs, each representing 1/100 of a share in the Company, at an issue price of approximately AU$0.168 per CDI.  The placement is expected to close on or about November 27, 2024.  The offer, sale and issuance of the CDIs is intended to be exempt from registration pursuant to Regulation S and Section 4(a)(2) under the Securities Act of 1933, as amended.

The Underwriting Agreement contains customary representations, warranties, covenants, indemnification obligations of the Company and Canaccord, and other obligations of the parties. The representations, warranties and covenants contained therein were made only for purposes of the agreement and as of a specific date and were solely for the benefit of the parties.

Item 8.01 Other Events.

On November 20, 2024, the Company issued a press release announcing the closing of the bookbuild for the placement. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are being filed herewith:

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.