Ann: Conditional acquisition of a material interest in PowerPlus, page-19

A poor release for PPK shareholders to extrapolate anything meaningful from beyond the usual 'yay lithium batteries yay this is cutting edge' marketing fluff
Ignoring the relentless cheersquad, but lets get down to brass tacks: one wonders how anyone can get too excited about this - No revenue numbers, installs or measures of profit released, capacity of manufacturing facilities, growth capex required.
Is lithium battery storage an interesting market? sure but simply impossible at this stage to attribute much to increasing the valuation of PPK. Li-S is focused on passenger and heavy vehicle batteries and markets not long lasting storage for grid power. The use of the word 'synergy' by PPK here is surely in the loosest sense of the word. They are simply different technologies for different markets.
Furthermore, if one deconsolidate's LIS' cash from PPK, which it cannot access for its own corporate purposes, it seems PPK just spent a good bunch of its Dec 31, 2022 $3.1m cash reserves on this transaction.
Look out for the cap raise! or perhaps a sell down in LiS perhaps if escrow is no longer an issue