Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 58

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 58
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 disclaims beneficial ownership of the securities of the Issuer directly held by it by virtue of its inability to vote or dispose of such securities as a result of its Investment Management Agreement with Armistice Capital.                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (6) | Based on information known to the Company. Eileen Shipes is the trustee and The Harold Roy Shipes and Eileen Anne Shipes Revocable Trust is the controlling stockholder of Atlas Precious Metals Inc. and, as such, may be deemed to be the beneficial owner of the shares held by Atlas Precious Metals Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (7) | Based solely on a Schedule 13G filed on February 3, 2023. Mayfair Ventures Pte Ltd. has sole dispositive power over 3,563,954 shares of common stock. Chow Woei Horng is the sole stockholder of Mayfair Ventures Pte Ltd. and, as such, may be deemed to be the beneficial owner of the shares held by Mayfair Ventures Pte Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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The following table sets forth certain illustrative information with respect to beneficial ownership of the Company’s Common Stock as of January 23, 2025, by each person, or group of affiliated persons, known to the Company to own beneficially more than 5% of the Company’s outstanding Common Stock, each director, each named executive officer, and all the executive officers and directors of the Company as a group, following approval of the Share Issuance Proposal and consummation of all transactions contemplated as part of the out-of-court process.

Subject to the paragraph above, percentage ownership of outstanding shares is based on the Company’s shares outstanding as of January 23, 2025 and the assumed consummation of the out-of-court process, including the issuance of 312,490,076 shares of our Common Stock to the Noteholders in the Exchange and an assumed issuance of 17,123,285 shares of our Common Stock pursuant to the Subscription Agreement (assuming a purchase price per share of $0.2920 per share). Using those assumptions and further assuming no additional issuances of shares, there will be approximately 398,504,086 shares of Common Stock outstanding upon implementation of the out-of-court process.

| Name                                                                    |     | Shares of Common Stock Owned following Out-of-Court Process (1) |             |     | Right to Ac