secwatch.observer — SEC 8-K summary
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Issuer:     5E Advanced Materials, Inc. (FEAM)
CIK:        0001888654
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0000950170-24-101428
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888654/000095017024101428/0000950170-24-101428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888654/000095017024101428/feam-20240826.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-101428

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer