Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 82

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 82
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31,

        2024

        2023

        2024

        2023

        (in thousands)

        Interest expense on Convertible Notes
         
        $
        2,461

        $
        2,406

        $
        4,644

        $
        4,798

        Derivative gain (loss) — Convertible Note Derivatives
         
        $
        (830
        )
         
        $
        —

        $
        1,357

        $
        —

        Additional shares assuming conversion of Convertible Notes

        55,480

        3,611

        55,480

        3,611

        Additional shares assuming exercise of Warrants

        10,667

        —

        10,667

        —

        Stock options and unvested restricted stock units and    performance share units

        3,794

        4,740

        3,794

        4,740

      Reverse Stock Split – Pro Forma Earnings (Loss) Per Common ShareAs discussed in Note 1–Basis of Financial Statement Presentation, on February 3, 2025, the Board approved a 1-for-23 Reverse Stock Split, which will become effective upon filing of the amendment to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware. As of the date these financial statements were issued, the Reverse Stock Split had not yet become effective and the Company’s Common Stock had not yet begun to trade on a reverse split-adjusted basis. The following table presents earnings (loss) per common share as if the Reverse Stock Split had been effectuated as of December 31, 2024. Consistent with the calculation of earnings (loss) per common share, the anti-dilutive impacts presented in the immediately preceding table were also excluded from the below calculation of pro forma earnings (loss) per share.

        Three months ended December 31,

        Six Months Ended December 31,

        2024

        2023

        2024

        2023

        (in thousands, except per share data)

        Pro forma basic earnings (loss) per share:

        Net income (loss) - numerator
         
        $
        (14,262
        )
         
        $
        (10,616
        )
         
        $
        (27,121