---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-005373"
form_type: "8-K"
ticker: "FEAM"
cik: "0001888654"
company_name: "5E Advanced Materials, Inc."
filed_at: "2025-01-14T23:59:59+00:00"
generated_at: "2026-05-28T02:19:37.220929+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# 5E Advanced Materials announces restructuring: equitization of $72M notes, $30M funding, potential Chapter 11

## Summary
- All convertible notes exchanged for 312,490,076 shares of common stock; $5M new notes issued at $0.2920 conversion price.
- Lenders to purchase $5M common stock at lower of $0.2920 or 5-day VWAP; receive 1-yr warrants for $20M at same price.
- Board to be reduced to 4 members; Ascend and Bluescape each get right to nominate 2 directors post-transaction.
- Transaction requires stockholder approval; if not obtained, pre-packaged Chapter 11 plan will be pursued.
- Nasdaq granted extension to May 19, 2025 to regain minimum $10M stockholders' equity requirement.

## SEC filing metadata
- accession: 0000950170-25-005373
- form_type: 8-K
- ticker: FEAM
- cik: 0001888654
- company_name: 5E Advanced Materials, Inc.
- filed_at: 2025-01-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1888654/000095017025005373/0000950170-25-005373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1888654/000095017025005373/feam-20250110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-005373
- JSON: https://secwatch.observer/filing/0000950170-25-005373.json
- Plain text: https://secwatch.observer/filing/0000950170-25-005373.txt

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