Livent Corp (LTHM)

[TradingCharts]

PHILADELPHIA, June 9, 2021 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) ("Livent" or the "Company"), today announced that it has commenced an underwritten public offering of 12,500,000 shares of its common stock, $0.001 par value ("Common Stock"). In addition, Livent expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Common Stock.

Livent intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option to purchase additional shares of Common Stock, primarily for growth capital expenditures, including lithium capacity expansion, and for general corporate purposes and to repay amounts outstanding under its revolving credit facility.

https://www.prnewswire.com/news-releases/livent-announces-commencement-of-public-offering-of-common-stock-301309485.html