Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 148

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 148
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 stockholders. For example, the Board of Directors is authorized to issue preferred stock that would have the right to
vote, separately or with any other stockholder of preferred stock, on any proposed amendment to our certificate of incorporation, or on
any other proposed corporate action, including business combinations and other transactions.

We will not offer preferred stock unless the offering
is approved by a majority of our independent directors. The independent directors will have access, at our expense, to our counsel or
independent counsel.

Options and Warrants

As of the date of this prospectus, options and warrants to purchase up to 101,676 shares of our common stock (already reflecting the Reverse Stock Split) were issued and outstanding, with a weighted-average time of exercise of 3.48 years, and a weighted-average exercise price of $2.16.

As of the date of this prospectus, the Company does not have any outstanding warrants to purchase shares of our common stock.

Equity Awards

During the year ended December
31, 2024, the Company granted Mr. Fogassa as contractual compensation options to purchase an aggregate of 21,000 shares of its
common stock (account for the reverse stock split). The options issued in 2024 were valued at $41,938 in total. The options were
valued using the Black-Scholes option pricing model with the following average assumptions: our stock price on date of grant $0.74 to
$1.00, a strike price of $0.01 to $1.00, illiquidity discount of 75%, expected dividend yield of 0%, annualized volatility of 241% to
312%, risk-free interest rate of 3.88% to 4.64%, and an expected term of five to ten years.

During the year ended December
31, 2023, the Company granted Marc Fogassa as contractual compensation options to purchase an aggregate of 42,000 shares of its
common stock (account for the reverse stock split). Such awards corresponded to the period between January 1, 2023, to December
31, 2023. The options issued in 2023 were valued at $115,038 in total. The options were valued using the Black-Scholes option pricing
model with the following average assumptions: our stock price on date of grant $0.65 to $2.10, a strike price of $0.01 to $1.00, illiquidity
discount of