5E Advanced Materials raises ~$4M via stock and warrant unit offering at $0.75

5E Advanced Materials, Inc.

Issued 5,333,333 shares of common stock and two warrants per share for $0.75/unit; gross proceeds ~$4.0M.
Series A warrants exercisable at $0.7981 from Feb 27, 2025 through Feb 27, 2030; Series B warrants expire Feb 27, 2027.
Warrants cover an aggregate of 10,666,666 shares (100% coverage per share); exercise price subject to standard adjustments.
Maxim Group LLC acted as placement agent, receiving 7% cash fee plus reimbursement of up to $100K in legal fees.
Company agreed to file resale registration statement for warrant shares and directors/officers entered 90-day lock-up.

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