Li-S Energy Limited was created as the result of a joint venture between Li-S Energy’s founding Shareholders, PPK Group Limited (through its nominee subsidiary, PPK Aust), BNNT Technology Limited (BNNTTL) and Deakin University. Li-S Energy has a objective of developing a battery technology based on more advanced lithium-sulphur chemistry, where BNNTs and other nanomaterials are incorporated into battery components. The aim of this combination is to improve battery energy capacity and cycle stability when compared to current lithium-ion batteries and lithium-sulphur batteries, respectively. It is set to list on the Australian Securities Exchange (ASX).
Li-S Energy Limited raised $34,000,000 at $0.85 per share in its initial public offering (IPO). The Offer opens on 2 Aug 2021 and closes on 18 Aug 2021. The date for quotation on ASX is 28 Sep 2021.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | LIS |
| Name | Li-S Energy Limited |
| Website | https://www.lis.energy/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Blue Oceans Equities Pty Ltd (Lead Manager). |
| Opening Date for the Offer: | 2 August 2021 |
| Closing Date for the Offer: | 18 August 2021 |
| Date for New Shares to commence trading on ASX | 28 September 2021 11:00 am AEST |
| Funds to be raised under the Public Offer (before costs) | $34,000,000 |
| Offer price per Share | $0.85 |
| Shares on issue at the Prospectus Date | 600,200,230 |
| Shares to be issued under the Public Offer | 40,000,000 |
| Total Shares | 640,200,230 |
| Escrow | 474,286,043 Shares and 2,160,000 Service Rights(a period of 24 months from quotation) |
| 15,770,575 Shares (a period of 12 months from the date of issue – [being 9 April 2021]) |
Source: Li-S Energy Limited prospectus