Standard Lithium slides on boosted $130 mln stock offering

Standard Lithium

17/10/2025 11:57

** U.S.-listed shares of Standard Lithium SLI.N down 18.7% premarket at $4.38 after $130 mln overnight follow-on priced

    ** Canadian near-commercial lithium developer sold ~29.9 mln shares at $4.35, a 19.3% discount to last sale

    ** Offering size increased from $120 mln

** Co intends to use net offering proceeds to fund capex at its South West Arkansas project and Franklin project in East Texas, among other uses

** Morgan Stanley and Evercore are co-lead bookrunners for offering, joined by BMO as a bookrunner

** Co has ~208.34 mln shares outstanding as of Oct 16, per the prospectus

** Through Thurs, U.S.-listed shares up 60% in Oct and have more than quadrupled over the past six months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))