Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 147

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 147
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 share of our Series
A Preferred is entitled to 51% of the total number of votes, voted together with the holders of our common stock as a single class, in
connection with the election of directors and all other matters submitted to a vote of shareholders. Whenever the holder of the one share
of Series A Preferred is required or permitted to take any action by vote, such action may be taken without a meeting by written consent,
setting forth the action so taken and signed by the holder of the outstanding share of Series A Preferred. The holder of our Series A
Preferred is not entitled to dividends, except that if a dividend is declared on our common stock, the holder of the Series A Preferred
shall participate in such dividend as if such Series A Preferred had been converted into our common stock.

The holder of the Series A Preferred is
not entitled to any special redemption rights and there is no sinking fund provision with respect to outstanding shares of our Series
A Preferred . In the event of liquidation, the holder of Series A Preferred shall not be entitled to a liquidation preference
over the holders of common stock, but shall share pro rata in any sum owed to the holders of our common in connection with a liquidation
event as if such Series A Preferred had been converted into common stock.

The Series A Preferred is convertible at
any time, upon ten days’ notice to us, into one share of our common stock at the option of the Series A Preferred holder.

For as long as there is one share of the Series
A Preferred outstanding, the holder of the Series A Preferred shall be entitled to nominate one director to our Board of
Directors.

As of the date of this prospectus, only one share
of our Series A Preferred has been issued and is outstanding, which share is held by Marc Fogassa, our Chairman and Chief Executive
Officer.

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Undesignated Preferred Stock

As of the date of this prospectus, our Board of Directors
has the authority to issue up to 9,999,999 additional shares of preferred stock in one or more series and fix the number of shares constituting
any such series, the voting powers, designations, preferences and relative, participating, optional or other special rights and qualifications,
limitations or restrictions thereof, including the dividend rights, dividend rate, terms of redemption (including sinking fund provisions),
redemption price or prices, conversion rights and liquidation preferences of the shares constituting any series, without any further vote
or action by the