Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 16

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 8
Chunk 16
---
uring Warrants with a one-year term to purchase an aggregate number of shares of Common Stock represented by up to $20.0 million divided by the Subscription Price. Each of the aforementioned potential impacts to the Company’s equity structure are subject to satisfaction of customary conditions, including approval by the Company’s stockholders, which has not yet occurred. If the Out-of-Court Restructuring is not consummated, the Company shall file Chapter 11 Cases under the Bankruptcy Code in a Bankruptcy Court pursuant to a Pre-Packaged Chapter 11 Plan, pursuant to which, among other things, all existing equity interests of the Company shall be extinguished, with Ascend and Bluescape each owning their respective pro rata share of 100% of the new equity interests in the Company upon the effective date of the Pre-Packaged Chapter 11 Plan.

11. Share Based CompensationShare based compensation expense is included in general and administrative expense and represents costs associated with restricted share unit (“RSU”), director restricted share unit (“DSU”) and performance share unit (“PSU”) activity and options granted to directors, employees, and consultants of the Company. Share based compensation expense consisted of the following for the periods presented.

        Three months ended December 31,

        Six Months Ended December 31,

        2024

        2023

        2024

        2023

        (in thousands)

        Share based compensation expense — service based

        Employee share option plan
         
        $
        66

        $
        109

        $
        167

        $
        206

        2022 Equity Compensation Plan — Options

        33

        175

        55

        308

        2022 Equity Compensation Plan — PSUs

        35

        77

        25

        124

        2022 Equity Compensation Plan — RSU and DSUs

        45

        545

        1,282

        867

        Total share based compensation expense
         
        $
        179

        $
        906

        $
        1,529

        $
        1,505

      As of December 31, 2024, the Company had approximately $734 thousand of total unrecognized stock-based compensation expense related to unvested stock-based compensation awards that is expected to be recognized over a weighted average period of approximately 1.6 years.Stock OptionsOption grants are made under the 2022