On December 1, 2021, Standard Lithium Ltd., an innovative technology and lithium project development company, announced that Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, completed its US$100 million investment in Standard Lithium through a direct private placement. Standard Lithium issued 13,480,083 common shares to KSP at a price of US$7.42 per common share for aggregate gross proceeds of US$100 million. In connection with the direct investment, Standard Lithium granted KSP the right of first offer to participate in future equity financings for a period of sixty months.
Cassels acted for Standard Lithium.