Company: FEAV
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0000950170-25-033824
Chunk: 4

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-03-05
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

As previously reported, on September 12, 2024, the Company received a written notice from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s Common Stock had closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “ Minimum Bid Price Requirement”). On March 4, 2025, the Company received a letter from Nasdaq notifying the Company that for ten consecutive business days, from February 18, 2025 to March 3, 2025, the closing bid price of the Company’s common stock was $1.00 per share or greater, and accordingly, the Company has regained compliance with the Minimum

Bid Price Requirement and the matter is now closed. There can be no assurance, however, that the Company will be able to maintain compliance with the Minimum Bid Price Requirement in the future.

As previously reported, on November 20, 2024, the Company received a written notice from Nasdaq, notifying the Company that the Company was not in compliance with the minimum stockholders’ equity requirement set forth in Nasdaq Listing Rule 5450(b)(1), which requires companies listed on the Nasdaq Global Select Market to maintain a minimum of $10,000,000 in stockholders’ equity for continued listing (the “ Stockholders’ Equity Rule”).

As a result of the Transactions, as of the date of this Current Report on Form 8-K, the Company believes it has stockholders’ equity in excess of the $10,000,000 stockholders’ equity requirement for continued listing on the Nasdaq Global Select Market. The Company awaits the Nasdaq Listing Qualifications Staff’s formal determination with respect to the Company’s compliance with the Stockholders’ Equity Rule. Nasdaq will continue to monitor the Company’s ongoing compliance with the Stockholders' Equity Rule and, if at the time of the Company’s next periodic report the Company does not evidence compliance with the Stockholders’ Equity Rule, the Company's common stock may again be subject to delisting.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report on Form 8-K that do not relate to matters of historical fact