Assore International Holdings Limited made an conditional and non-binding offer to acquire remining shares of Atlantic Lithium Limited (AIM:ALL) from Piedmont Lithium Inc. (ASX:PLL) and others for AUD 290 million on November 7, 2023. The offer price per share is AUD 0.63. Piedmont holds 9.29%, Board & Management holds 2.96% and others holds 62.48%. Following careful consideration, the NBIO was rejected by the Atlantic Lithium independent board commitee. The NBIO and Prior NBIO were both subject to a number of conditions before they would become binding, including the Atlantic Lithium board unanimously recommending the offer, providing exclusive due diligence to Assore?s satisfaction, Foreign Investment Review Board approval and entry into a definitive and mutually acceptable scheme implementation agreement. The Atlantic IBC appointed SP Angel Corporate Finance LLP, Canaccord Genuity Limiteds (Australia and UK) its financial adviser and HopgoodGanim Lawyers as its legal adviser.

Assore International Holdings Limited cancelled the acquisition of Remining shares of Atlantic Lithium Limited (AIM:ALL) from Piedmont Lithium Inc. (ASX:PLL) and others on November 15, 2023.