secwatch.observer — SEC 8-K summary
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Issuer:     5E Advanced Materials, Inc. (FEAM)
CIK:        0001888654
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000950170-24-106892
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

5E Advanced Materials issues $6M in convertible notes; conversion price $0.9375
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- Issued $6M aggregate principal of secured convertible notes to Bluescape, Ascend, and Meridian on Sept 16, 2024.
- Notes bear 4.5% interest (10% PIK); convertible at $0.9375 per share into up to 6.4M shares initially.
- Conversion rate subject to make-whole adjustment up to additional 3.9M shares; degressive issuance clause may further adjust.
- Operating company 5E Boron Americas becomes guarantor with first-priority security interest on all assets.
- June 2024 Notes conversion rate adjusted to 692.799 shares per $1,000 due to prior equity offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888654/000095017024106892/0000950170-24-106892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888654/000095017024106892/feam-20240916.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-106892

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