Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 138

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 138
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 align='center'>DESCRIPTION OF SECURITIES</div>

General

The following description summarizes the most important
terms of our capital stock, as they will be in effect upon the closing of this offering. Because it is only a summary, it does not contain
all of the information that may be important to you. For a complete description of the matters set forth in this “Description of
Securities,” you should refer to our Amended and Restated Articles of Incorporation, as amended (our “Articles
of Incorporation”) and Amended and Restated Bylaws (our “Bylaws”), to be effective immediately prior to
the closing of this offering, and the registration rights agreements, each of which will be included as exhibits to the registration
statement of which this prospectus forms a part, and to the applicable provisions of Republic of the Marshall Islands law.

Our authorized capital stock consists of 190,000,000
shares of common stock, $0.001 par value per share, and 10,000,000 shares of preferred stock, $0.001 par value per share.

As of [●] 2025, [●] shares
of our common stock and one share of our Series A Preferred were issued and outstanding.

Reverse Stock Split

We intend to file a Certificate of Amendment
to our Articles of Incorporation to effect a reverse stock split of our issued and outstanding shares of common stock at a ratio of 1-for-[●]
concurrently with our listing on the Nasdaq Capital Market with no effect on our authorized shares.

Common Stock

Each share of our common stock entitles the holder
to receive notice of and to attend all meetings of our stockholders with the entitlement to one vote per share of common stock.
Holders of common stock are entitled, subject to the rights, privileges, restrictions and conditions attaching to any other class of
shares ranking in priority to the common stock, to receive any dividend declared by the Board of Directors. If we are voluntarily or
involuntarily liquidated, dissolved or wound-up, the holders of common stock will be entitled to receive, after distribution in full
of the preferential amounts, if any, all of the remaining assets available for distribution ratably in proportion to the number of shares
of common stock held by them. Holders of common stock have no redemption or conversion rights. The rights, preferences and privileges
of holders of shares of common stock are subject to, and may be adversely affected by, the rights of the