Company: FEAV
Filing Date: 2025-03-13
Form Type: 8-K
Source: 0000950170-25-038789
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Company: 5E Advanced Materials, Inc.
Filing Date: 2025-03-13
Form: 8-K
Item: Item 3.02
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Item 3.02 Unregistered Sales of Equity Securities.

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 a Securities Subscription Agreement (the “ Subscription 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 (“ Ascend” and, collectively with Bluescape and Meridian, the “ Purchasers”).

On March 13, 2025 (the “ Closing Date”), pursuant to the Subscription Agreement, the Company issued and sold an aggregate of 1,408,173 shares of common stock to the Purchasers, comprised of 704,087 shares to Bluescape and 352,043 shares to each of Meridian and Ascend, at a subscription price of $3.5507 per share (the “ Subscription Price”) for aggregate gross proceeds of $5.0 million.

Also on the Closing Date, pursuant to the Subscription Agreement, the Company issued warrants to purchase up to an aggregate of 5,632,692 shares of common stock to the Purchasers, comprised of (i) a warrant to purchase up to 2,816,346 shares of common stock to Bluescape and (ii) warrants to purchase up to 1,408,173 shares of common stock to each of Meridian and Ascend (collectively, the “ Warrants”). The Warrants are immediately exercisable and expire on the first anniversary of the Closing Date, and have an exercise price per share equal to the Subscription Price.

The securities were issued in a private placement exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

Following the consummation of the Transactions, as of March 13, 2025, the Company had an aggregate of 17,995,995 shares of its common stock issued and outstanding.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                                          5E Advanced Materials, Inc.                                 
  Date:      March 13, 2025      By:      /s/ Joshua Malm                                             
                                          Joshua Malm