Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 50

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 50
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 of June 30, 2025. Our historical net tangible book value as of June 30, 2025, was $1,765,397 or $0.23 per share based upon shares of common stock outstanding on such date.

Our pro forma net tangible book value as of the date of this prospectus is $2,152,795 or $0.26 per share of common stock, based on 8,133,871 outstanding shares of common stock as of September 30, 2025. Pro forma net tangible book value represents the amount of our tangible book value as adjusted to take into account the movements on the net tangible book value from June 30, 2025 to the date of this report as a result of (i) the issuance of 33,056 shares of common stock upon the exercise of outstanding stock options and (ii) the issuance of 506,389 shares of common stock in connection with sales made under private offerings resulting in the receipt of net proceeds of $1,105,000 in connection therewith. The following table does not reflect the issuance of shares of common stock in the event the Option is exercised and Atlas Lithium elects to receive the exercise price in shares of common stock rather than cash.

After giving effect to our receipt of approximately $7,187,500 of estimated net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable by us, from our sale of common stock in this offering at an assumed underwritten offering price of $8.00 per share of common stock, which is the midpoint of the estimated initial offering price range set forth on the cover page of this prospectus, our pro forma as adjusted net tangible book value as of June 30, 2025, would have been approximately $9,340,295 or $1.00 per share, based on 9,311,871 outstanding shares of common stock after the completion of the Offering. This amount represents an immediate increase in net pro forma tangible book value of $0.74 per share of our common stock to existing stockholders and an immediate dilution in the pro forma net tangible book value of $7.00 per share of our common stock to new investors purchasing shares of common stock in this offering.

The following table illustrates this dilution on a per share basis to new investors:

| Assumed                                                                                                 
 underwritten offering price                                                                             |     |   |      |     | $ | 8.00 |
| Historical                                                                                              
 net tangible book value (