---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-129737"
form_type: "8-K"
ticker: "FEAM"
cik: "0001888654"
company_name: "5E Advanced Materials, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:16:29.365120+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# 5E Advanced Materials Gets Nasdaq Deficiency Notice Low Equity; Achieves First Boric Acid Delivery

## Summary
- As of Sep 30, 2024, stockholders' equity was $2.094M, well below Nasdaq's $10M minimum requirement.
- Nasdaq gave 45 days (until Jan 6, 2025) for 5E to submit a plan to regain compliance with the equity rule.
- 5E delivered its first full truckload shipment of boric acid super sacks to a U.S. customer in Q1 FY2025.
- Company decided to pursue calcium chloride as by-product, expected to cut Phase 1 commercial CAPEX by ~15%.
- EXIM issued letter of intent to backstop up to $285M in project debt financing, subject to final approval.

## SEC filing metadata
- accession: 0000950170-24-129737
- form_type: 8-K
- ticker: FEAM
- cik: 0001888654
- company_name: 5E Advanced Materials, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1888654/000095017024129737/0000950170-24-129737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1888654/000095017024129737/feam-20241120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-129737
- JSON: https://secwatch.observer/filing/0000950170-24-129737.json
- Plain text: https://secwatch.observer/filing/0000950170-24-129737.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.