Company: FEAV
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0000950170-25-033824
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Company: 5E Advanced Materials, Inc.
Filing Date: 2025-03-05
Form: 8-K
Item: Item 1.02
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Item 1.02 Termination of a Material Definitive Agreement.

As previously reported, in connection with its previously announced restructuring and recapitalization transactions (the “ Transactions”), 5E Advanced Materials, Inc., a Delaware corporation (the “ Company”), entered into an Exchange Agreement (the “ Exchange Agreement”) on January 14, 2025 with BEP Special Situations IV LLC (“ Bluescape”), Meridian Investments Corporation (“ Meridian”) and Ascend Global Investment Fund SPC, for and on behalf of Strategic SP (together with Meridian, “ Ascend”). On March 5, 2025 (the “ Exchange Effective Date”), the parties consummated the transactions contemplated by the Exchange Agreement, resulting in the termination of the Amended and Restated Note Purchase Agreement, dated as of January 18, 2024 (as amended, the “ Note Purchase Agreement”), between the Company, Bluescape and Ascend, and the extinguishment of all indebtedness owed by the Company under the Note Purchase Agreement.

Additional information regarding the Transactions, the material terms of the Note Purchase Agreement and the Exchange Agreement, the material circumstances surrounding the termination of the Note Purchase Agreement, and the relationship between the Company and each of Bluescape and Ascend is included in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on February 3, 2025.

Item 3.02 Unregistered Sales of Equity Securities.