Thomson Geer has advised Piedmont Lithium Limited (Piedmont) on its successful redomicile from Australia to the United States by way of scheme of arrangement.
Piedmont, a world-class integrated lithium business with a market capitalisation of approximately $1.4 billion, has redomiciled from Australia to the United States by Piedmont Lithium Inc. becoming the group holding company, via a scheme of arrangement, to enable the Company to better align its corporate structure with its business operations in the United States.
The redomicile also has the potential to expose Piedmont to a broader investment pool and improve future capital raising ability, being in closer geographic proximity to larger and more diverse debt and equity markets in the United States.
Partner Michael Ng said, “It has been a pleasure advising Piedmont as it executes its redomicile from Australia to the United States, providing the company with greater opportunities to align its group structure with operations in the United States”.
The Thomson Geer team was led by corporate partner Michael Ng, supported by senior associate Christopher Seotis and law graduate Sarah Urquhart and assisted by barrister Anthony Papamatheos from Quayside Chambers.