Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 10

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 10
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 Incorporation, dated July 27, 2016, in Section 2 of the Articles of Amendment.

Listing 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 file a 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 15 (the “Reverse Stock Split”), prior to the listing of our common stock on Nasdaq.

Following the Reverse Stock Split, each 15 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.

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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. Unless otherwise noted, we have retroactively adjusted all share amounts and per share data herein to give effect to the Reverse Stock Split.

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”). Pursuant to the Option Agreement, the Company can exercise the Option in either cash or shares of Common Stock, or a combination thereof. In the event the Option is exercised in full and is paid entirely in the form of Common stock, the Company will issue 851,155 shares of Common Stock at a price of $9.399 (reflecting the Reverse Stock Split). Brazil Mineral Resources’ primary assets consist of 60 mineral rights for copper, gold, graphite