Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 19

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 19
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 has the effect of concentrating voting control over us in Marc Fogassa, our Chief Executive Officer
and Chairman.

One
share of our Series A Preferred Stock is issued, outstanding and held since July 2016 by Marc Fogassa, our Founder, Chief Executive
Officer and Chairman. The Certificate of Designations, Preferences and Rights of our Series A Preferred Stock provides that for so long
as Series A Preferred Stock is issued and outstanding, the holders of Series A Preferred Stock shall vote together as a single class
with the holders of our common stock, with the holders of Series A Preferred Stock being entitled to 51% of the total votes on all matters
regardless of the actual number of shares of Series A Preferred then outstanding, and the holders of common stock and any other class
or series of capital stock entitled to vote with the common stock being entitled to their proportional share of the remaining 49% of
the total votes based on their respective voting power. As a result, you may have limited ability to impact our operations and activities.

Marc
Fogassa, our Founder, Chief Executive Officer and member of our Board of Directors, owns greater than 50% of our
voting securities, which would cause us to be deemed a “controlled company” under the rules of Nasdaq.

As
a result of his ownership of and the one issued and outstanding share of our Series A Preferred Stock, as well as ownership of our common
stock, Mr. Fogassa, our Founder, Chief Executive Officer and Chairman, currently controls approximately 68% of the voting power
of our securities.

You
will need to keep records of your investment for tax purposes.

Each
purchase or sale of securities, including our common stock, may result in tax consequences for you. We will not keep tax records for
you. You, or someone on your behalf, will be required to keep your own tax records with regard to your transactions involving our securities.

Risks
Related to World Events

Tariffs
and other changes in international trade policy could adversely affect our business, financial condition and results of operations.

Materials
and products imported into the EU, the United States and other countries are subject to import duties. In addition, we cannot predict
whether future Brazilian, U. S. or international laws, regulations or specific or broad trade remedy actions or international agreements
may impose additional duties or other restrictions on exports of minerals from Brazil. Any such changes in legislation and government
policy may have a material adverse effect on our business.