Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 161

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 161
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 covered
short position or a naked short position. In a covered short position, the number of shares common stock over-allotted by the underwriters
is not greater than the number of shares of common stock that they may purchase in the over-allotment option. In a naked short position,
the number of shares of common stock involved is greater than the number of shares common stock in the over-allotment option. To close
out a short position, the underwriters may elect to exercise all or part of the over-allotment option. The underwriters
may also elect to stabilize the price of our common stock or reduce any short position by bidding for, and purchasing, common stock in
the open market.

The underwriters may also impose a penalty
bid. This occurs when a particular underwriter or dealer repays selling concessions allowed to it for distributing a security in this
offering because the underwriter repurchases that security in stabilizing or short covering transactions.

Finally, the underwriters may bid for, and
purchase, shares of our common stock in market making transactions, including “passive” market making transactions as described
below.

These activities may stabilize or maintain the
market price of our common stock at a price that is higher than the price that might otherwise exist in the absence of these activities.
The underwriters are not required to engage in these activities, and may discontinue any of these activities at any time without
notice.

In connection with this offering, the underwriters
and selling group members, if any, or their affiliates may engage in passive market making transactions in our common stock immediately
prior to the commencement of sales in this offering, in accordance with Rule 103 of Regulation M under the Exchange Act. Rule 103 generally
provides that:

| ● | a passive market maker may                                                                                                                                                                                                                                                                              
 not affect transactions or display bids for our common stock in excess of the highest independent bid price by persons who                                                                                                                                                                              
 are not passive market makers;                                                                                                                                                                                                                                                                          |
| ● | net purchases by a passive market maker on each day are generally limited to 30% of the passive market maker’s average daily trading volume in our common stock during a specified two-month prior period or 200 shares, whichever is greater, and must be discontinued when that limit is reached; and |
| ● | passive market making bids must be identified as such.                                                                                                                                                                                                                                                  |

| 127 |

Electronic Distribution

A prospectus in electronic format may be made available
on a website maintained by the underwriters.