Company: FEAV
Filing Date: 2025-02-18
Form Type: 8-K
Source: 0000950170-25-022315
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Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-18
Form: 8-K
Item: Item 5.03
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On February 14, 2025, 5E Advanced Materials, Inc. (the “ Company”) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “ Charter Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-23 reverse stock split (the “ Reverse Stock Split”) of the Company's common stock, par value $0.01 per share (the “ Common Stock”), effective February 14, 2025 at 5:00 p. m., Eastern Time (the “ Effective Time”). The Company's Common Stock began trading on a split-adjusted basis on The Nasdaq Global Select Market at the commencement of trading on February 18, 2025 under the Company's existing trading symbol “ FEAM”. The new CUSIP number for the Common Stock following the Reverse Stock Split is 33830Q 208.

As previously reported, at its Annual Meeting of Stockholders held on January 21, 2025, and upon the recommendation of the Company’s Board of Directors (the “ Board”), the Company’s stockholders approved amendments to the Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Common Stock at a ratio ranging from any whole number between 1-for-10 and 1-for-25, as determined by the Board in its discretion. On February 3, 2025, the Board approved a final Reverse Stock Split ratio of 1-for-23 and abandoned all other amendments.

As a result of the Reverse Stock Split, at the Effective Time, every 23 shares of the Company's issued and outstanding shares of Common Stock immediately prior to the Effective Time, were automatically converted, without any action on the part of the holder thereof, into one validly issued, fully-paid and non-assessable share of Common Stock, subject to the treatment of fractional shares as described below. The Charter Amendment did not affect the number of authorized shares of Common Stock or the par value of each share of Common Stock. The number of CHESS Depositary Interests (“ CDIs”) in respect of the Company’s shares of Common Stock outstanding immediately prior to the effectiveness of the Reverse Stock Split will be proportionately reduced by the final split ratio, subject to rounding. The 1:10 share-to-CDI ratio was not affected by the Reverse Stock Split.

No fractional shares of Common Stock or CD