Piedmont Lithium Ltd (ASX:PLL) has filed a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission (SEC).
In late 2017, Piedmont joined the Nasdaq International Designation Program, which allowed it to trade on the over-the-counter (OTC) market.
Piedmont has most recently made an application to list on the Nasdaq Capital Market, an exchange providing greater access to investors and capital for the company.
It would do this through the listing of American depositary shares (ADS), where each ADS would be worth 100 shares in Piedmont.
Jorge M. Beristain appointed to board of directors
Furthermore, Jorge M. Beristain has been appointed to the company’s board as an independent non-executive director.
Beristain has a 20-year career on Wall Street and most recently retired as managing director and head of Deutsche Bank’s Americas metals and mining equity research.
He was consistently ranked by institutional investors as one of the top analysts in the US.
Beristain will replace the outgoing Robert Behets.
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Keith D. Phillips, president and CEO, said: “Our proposed US listing is an important milestone for Piedmont Lithium and is expected to create greater exposure among institutional and retail investors in the US and internationally.
“We are also pleased to welcome Jorge to the Board and are confident that we will gain from his independent perspective and deep relationships within the institutional investor community.”