Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 192

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 192
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 FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to December 31, 2024 to the date these consolidated financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements , except for the described below:

Reverse Stock Split

On September 11, 2025, the Company’s board
of directors has authorized a reverse stock split of its outstanding common stock at a ratio of 1-for-15. Prior to the consummation of
the initial public offering, the reverse stock split will be effected such that (i) each 15 shares of outstanding common stock will be
reduced to one share of common stock; (ii) the number of shares of common stock into which outstanding warrants or options to purchase
common stock is exercisable will be proportionately reduced; and (iii) the exercise price of each outstanding warrant or option to purchase
common stock will be proportionately increased. The consolidated financial statements of The Company give retroactive effect as though
the 1-for-15 reverse stock split occurred for all periods presented, without any change in the par value per share or in the authorized
number of common shares. Fractional shares resulting from the reverse stock split have been rounded up to the next whole share.

| F-16 |

In compliance with the SEC
regulation S-X and following the merger with Apollo Resources, the Company presents below Apollo’s unaudited consolidated statements
of operations and comprehensive loss and the unaudited consolidated cash flow statement for the eleven-month period ended November 30,
2024, as well as Apollo’s audited consolidated financial statements for the years ended December 31, 2023 and December 31, 2022.

APOLLO RESOURCES CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

SCHEDULE OF CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

|                                         |     | Eleven-month period ended November 30, 
 2024                                   |            |   |
|:----------------------------------------|:----|:---------------------------------------|-----------:|:--|
|                                         |     | -Unaudited                             |            |   |
| Revenue                                 |     |                                        |            |   |
| Cost of revenue                         |     | $                                      |          - |   |
| Gross profit                            |     | $                                      |          - |   |
| Operating expenses:                     |     |