Jindalee Lithium Limited (ASX:JLL)

Jindalee Lithium Limited announced that it has filed S-4 Amendment No. 3 with the US Securities and Exchange Commission in relation to the proposed business combination between its wholly owned US subsidiary HiTech Minerals Inc., Constellation Acquisition Corp I and US Elemental Inc., a transaction intended to result in US Elemental listing on Nasdaq under the ticker ULIT in Q4 2026 while holding Jindalee’s US assets and leaving Jindalee with an expected majority interest of 80% or more. The amendment responds to a second round of SEC comments received in early September 2026, following the original Form S-4 filing in June 2026 and a prior amendment in August 2026, and the company said effectiveness of the Form S-4 remains the key requirement before Constellation can hold its shareholder meeting and the transaction can close, with current expectations for SEC effectiveness in late September or October 2026, subject to further review. The announcement also noted a planned US$20–30 million PIPE financing, including a binding US$4.0 million commitment from an affiliate of Constellation’s sponsor Antarctica Capital Partners, and said indications from several US funds suggest the PIPE target may be met, although completion remains subject to customary regulatory and closing conditions including SEC effectiveness, Constellation shareholder approval, Nasdaq approval, regulatory consents, a minimum cash condition of US$14 million net of certain transaction expenses, and no material adverse change events.