Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 46

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 46
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 prospectus, remains the same, after deducting underwriting discounts and commissions and estimated offering expenses payable by us. Similarly, each 10% increase (decrease) in the number of shares offered by us would increase (decrease) the pro forma net tangible book value per share by approximately $0.55, assuming the assumed underwritten offering price remains the same, after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

If the underwriters exercise their option to purchase additional shares of common stock in full in this offering, the net tangible book value after this offering would be approximately $10,971,753, or approximately $2.94 per share, the increase in net tangible book value to existing stockholders would be $0.32 per share, and the dilution per share to new investors would be $7.06 per share, in each case based on an assumed underwritten offering price of $10.00 per share, which is the midpoint of the estimated public offering price range set forth on the cover page of this prospectus.

The number of shares of our common stock outstanding after the completion of this offering is based on 2,764,843 shares of our common stock outstanding as of September 9, 2025, and excludes the following:

| ● | 67.784 shares of common                                                                                                        
 stock issuable upon the exercise of outstanding options with a weighted average exercise price of $3.24 per share and weighted 
 average time to expiration of 3.48 years;                                                                                      |
| ● | 53,333 shares of common                                                                                                        
 stock reserved for the future issuance of awards under our 2016 Stock Incentive Plan;                                          |
| ● | one share of common stock issuable upon the conversion of our outstanding                                                      
 Series A Preferred.                                                                                                            |

| 34 |

<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion of our financial condition and results of operations should be read in conjunction with our audited consolidated financial statements and the notes to those financial statements appearing elsewhere in this prospectus.

This prospectus contains forward-looking statements. Forward-looking statements for Atlas Critical Minerals reflect current expectations, as of the date of this prospectus, and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Factors that could cause future results to materially differ from the recent results or those projected in forward