Lomiko Metals Gains ISS and Glass Lewis Support for Acquisition

M&A · Partnership
โดย Business Wire·CA·Read original
Summary · why it matters

Lomiko Metals Inc. announced that Institutional Shareholder Services and Glass Lewis, leading independent proxy advisory firms, have recommended that shareholders vote FOR the proposed arrangement agreement involving the acquisition of the Company by Global Battery Materials. ISS cited the certainty of value and immediate liquidity from the premium cash consideration, as well as the connected bridge loan financing, while Glass Lewis noted the substantial premium to unaffected trading levels and the elimination of financing, dilution, and project execution risks. These recommendations align with the unanimous support of Lomiko's Board of Directors. The Company also confirmed that all government and legal pre-clearance requirements related to its grants and contribution agreement have been completed with no objections. The special meeting of shareholders is scheduled for September 23, 2026, at 10:00 a.m. Vancouver time, with the proxy deadline set for September 21, 2026.

Impact on stocks 1

Critical Materials & Supply Chain▲ · 1 stocks

Off-coverage companies 3

Lomiko Metals Inc.Private▲ Positive
Capitalrelevance

ISS and Glass Lewis recommend shareholders vote FOR the acquisition of Lomiko by Global Battery Materials at a premium cash consideration

Global Battery Materials Corp.Private▲ Positive
Capitalrelevance

Global Battery Materials is the acquirer in the arrangement agreement, gaining shareholder-advisor support for its acquisition of Lomiko

Institutional Shareholder Services Inc.Private± Mixed
Regulationrelevance

ISS issued a proxy advisory recommendation supporting the acquisition, a governance/legal opinion rather than a financial event for ISS itself

© 2026 MarketDXNews