Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 10

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 10
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 on a National Stock Exchange

We have applied to list our common stock under the symbol “ATCX” on the Nasdaq Capital Market (“Nasdaq”). No assurance can be given that our application will be approved, and we will not consummate this offering unless our common stock is approved for listing on the Nasdaq Capital Market.

Reverse Stock Split

We intend to filea Certificate of Amendment to our Articles of Incorporation (the “Amendment”) to effect a reverse stock split of our issued and outstanding shares of common stock at a ratio of 1-for-[●] (the “Reverse Stock Split”), to be effective upon the listing of our common stock on Nasdaq.

Following the Reverse Stock Split, each [●] shares of our issued and outstanding shares of common stock will automatically be converted into one issued and outstanding share of common stock, without any change in par value per share. No fractional shares will be issued as a result of the Reverse Stock Split and no cash or other consideration will be paid. Instead, we will issue one whole share of the post-split common stock to any stockholder who otherwise would have received a fractional share as a result of the Reverse Stock Split. The Reverse Stock Split will not affect the number of shares of authorized stock. Assuming that our listing application is approved, we anticipate our common stock will begin trading on a Reverse Stock Split-adjusted basis on the Nasdaq Capital Market under the new ticker symbol “ATCX” concurrently with the listing of our common stock on Nasdaq. Our common stock may be assigned the temporary ticker symbol “ATCXD” for the 20 business days following the Reverse Stock Split. On the 21 stday, it will change to “ATCX.”

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The purpose of the Reverse Stock Split is to allow us to meet the minimum stock price requirement required for listing on a national securities exchange.

Atlas Lithium Option

On December 19, 2024, we entered into an option agreement (the “Option Agreement”) with Atlas Lithium, pursuant to which Atlas Lithium granted us the exclusive right and option (the “Option”) to purchase from Atlas Lithium 100% of the equity interest in Brazil Mineral Resources Corporation, a Republic of the Marshall Islands corporation and a wholly-owned subsidiary of Atlas Lithium (“Brazil Mineral Resources”) (the “Equity Sale”). Brazil Mineral Resources’ primary assets consist of 60 mineral rights for copper, gold, graphite, nickel, rare earths, and titanium, all in Brazil. See “Business – Atlas Lith