secwatch / observer
8-K filed January 19, 2024, 6:59 PM ET ticker FEAM CIK 0001888654
other material confidence high sentiment neutral materiality 0.75

5E Advanced Materials, Inc. (FEAM): debt financing — 5E Advanced Materials closes $10M equity tranche, restructures convertible notes, doubles authorized shares

5E Advanced Materials, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

5E Advanced Materials, Inc. amended convertible notes with BEP Special Situations IV LLC, Ascend Global Investment Fund SPC, Meridian Investments Corporation at 4.50% per annum, payable semi-annually, or 10.00% per annum if the Company elect maturing August 15, 2028.

Instrument
convertible notes
Counterparty
BEP Special Situations IV LLC, Ascend Global Investment Fund SPC, Meridian Investments Corporation
Rate
4.50% per annum, payable semi-annually, or 10.00% per annum if the Company elect
Maturity
August 15, 2028
Event
amendment
Exact text from the filing
On January 18, 2024, in connection with its previously announced restructuring transactions, 5E Advanced Materials, Inc. (the “ Company ”) entered into the Amended and Restated Note Purchase Agreement (the “ Amended and Restated Note Purchase Agreement ”) by and among the Company, BEP Special Situations IV LLC (“ Bluescape ”), Ascend Global Investment Fund SPC, for and on behalf of Strategic SP (“ Ascend ”), and Meridian Investments Corporation (“ Meridian ”), related to the Company’s 4.50% senior secured convertible notes (the “ Convertible Notes ”).
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

5E Advanced Materials, Inc.: Increased authorized shares of Common Stock from 180,000,000 to 360,000,000 via Amended and Restated Certificate of Incorporation (effective 2024-01-12).

Change
charter amendment
Effective
2024-01-12
Exact text from the filing
On January 12, 2024, the Company, following receipt of approval of the Charter Amendment Proposal, filed the Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

5E Advanced Materials, Inc. amended Amended and Restated Note Purchase Agreement with BEP Special Situations IV LLC, Ascend Global Investment Fund SPC, Meridian Investments Corporation (effective 2024-01-18).

Action
amendment
Agreement
notes offering
Counterparty
BEP Special Situations IV LLC, Ascend Global Investment Fund SPC, Meridian Investments Corporation
Effective
2024-01-18
Exact text from the filing
On January 18, 2024, in connection with its previously announced restructuring transactions, 5E Advanced Materials, Inc. (the “ Company ”) entered into the Amended and Restated Note Purchase Agreement (the “ Amended and Restated Note Purchase Agreement ”) by and among the Company, BEP Special Situations IV LLC (“ Bluescape ”), Ascend Global Investment Fund SPC, for and on behalf of Strategic SP (“ Ascend ”), and Meridian Investments Corporation (“ Meridian ”), related to the Company’s 4.50% senior secured convertible notes (the “ Convertible Notes ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

5E Advanced Materials, Inc. entered into Amended and Restated 5ECAP Subscription Agreement with Ascend Global Investment Fund SPC, 5ECAP, LLC (effective 2024-01-18).

Action
entry
Agreement
equity purchase
Counterparty
Ascend Global Investment Fund SPC, 5ECAP, LLC
Effective
2024-01-18
Exact text from the filing
On January 18, 2024, the Company entered into an amended and restated subscription agreement (the “ Amended and Restated 5ECAP Subscription Agreement ”), by and among the Company, Ascend, and 5ECAP.
View on SEC.gov

283 debt financings filed in the last 30 days. Browse all debt financings →

5E Advanced Materials, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-24-005566
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