Standard Lithium Closes $130 Million Underwritten Public Offering

Core Points - Standard Lithium Ltd. has successfully closed a public offering of 29,885,057 common shares at a price of US $4.35 per share, raising approximately US $130 million in gross proceeds [1][2] Group 1: Offering Details - The offering was led by a syndicate of underwriters including Morgan Stanley and Evercore ISI, with additional participation from BMO Capital Markets, Canaccord Genuity, Raymond James, Roth Capital Partners, and Stifel [2] - The underwriters have an option to purchase up to 4,482,758 additional common shares at the issue price within 30 days after the offering's closing [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund capital expenditures for the South West Arkansas Project and the Franklin Project in East Texas, as well as for working capital and general corporate purposes [3] Group 3: Regulatory Filings - The company has filed a final prospectus supplement with securities commissions in Canada and the United States, which includes important information about the offering [4][5] Group 4: Company Overview - Standard Lithium is focused on the sustainable development of high-grade lithium-brine properties in the U.S., with flagship projects in Arkansas and Texas [7] - The company aims to achieve commercial-scale lithium production through a scalable Direct Lithium Extraction and purification process [7]