secwatch.observer — SEC 8-K summary
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Issuer:     5E Advanced Materials, Inc. (FEAM)
CIK:        0001888654
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0000950170-24-064885
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

5E Advanced Materials issues $6M in new 4.5% convertible notes, amends conversion terms
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- Issued $6.0M aggregate principal of 4.50% senior secured convertible notes to Bluescape and Ascend.
- New notes convertible at $1.5375/share (650.4065 shares per $1,000 principal); same rate as existing notes.
- Amended make-whole adjustment: up to 325.2033 additional shares per $1,000, subject to stockholder approval.
- Interest payable semi-annually; 10.00% PIK option; notes mature August 15, 2028.
- Conversion rate subject to adjustment for degressive issuances before Dec 31, 2024; stockholder approval required for certain adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888654/000095017024064885/0000950170-24-064885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888654/000095017024064885/feam-20240528.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-064885

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