Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 25

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 25
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 shares pursuant to the Exchange Agreement and the Subscription Agreement may also constitute a change of control for purposes of Nasdaq Listing Rule 5635(b). In light of Nasdaq Listing Rule 5635, no securities will be issued pursuant to the Exchange Agreement or the Subscription Agreement unless we obtain approval of our stockholders.

The Company has sought and received a waiver from ASX Listing Rule 7.1 on an ongoing basis to permit the Company to issue securities without security holder approval under ASX Listing Rule 7.1, subject to certain conditions. Accordingly, in reliance on this waver, the Company does not intend to seek approval for this proposal for the purposes of ASX Listing Rule 7.1.

No Preemptive Rights

Our stockholders do not have a preemptive right to purchase or subscribe for any part of any new or additional issuance of our securities.

Consequences of Not Approving this Proposal

If this Proposal is not approved, the out-of-court process will not be implemented, and instead the Pre-Packaged Chapter 11 Plan (as summarized in the “Background for the Special Meeting and the Proposals” section above) will be implemented and the equity interests of our stockholders will be extinguished.

Required Vote

Approval of this Proposal requires the affirmative vote of a majority of shares present in person or represented by proxy at the meeting and entitled to vote on the matter. Abstentions will have the same effect as a vote against the Share Issuance Proposal. Brokers are not permitted to vote your shares on this Proposal without your specific instructions. Please provide your broker with voting instructions so that your vote can be counted.

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Recommendation of our Board of Directors

OUR BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE “FOR” APPROVAL OF PROPOSAL NO. 1 – THE SHARE ISSUANCE PROPOSAL.

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PROPOSAL TWO — THE EQUITY PLAN PROPOSAL

TO APPROVE THE AMENDED AND RESTATED 5E ADVANCED MATERIALS, INC. 2022 EQUITY COMPENSATION PLAN</div>

Introduction

We are asking our stockholders to approve the amendment and restatement of the 5E Advanced Materials, Inc. 2022 Equity Compensation Plan, as most recently amended effective October 31, 2024 (the “Incentive Plan”). The amendment and restatement of the Incentive Plan is referred to herein as the “Amended Plan.”