5E Advanced Materials completes restructuring, extinguishes all debt, issues 13.6M shares to lenders

5E Advanced Materials, Inc.

Terminated Note Purchase Agreement on March 5, 2025; all indebtedness extinguished.
Issued 13,586,524 shares of common stock to Bluescape and Ascend as consideration.
Director Paul Weibel resigned from board but remains CEO; Curtis L. Hebert Jr. appointed.
Regained Nasdaq minimum bid price compliance; believes stockholders' equity now above $10M.
Bluescape and Ascend retain director designation rights based on ownership thresholds.

item 1.02 item 3.02 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Paul Weibel

Director

FEAM · 5E Advanced Materials, Inc.

Effective: 2025-03-05
Filed: March 5, 2025, 6:59 PM ET

On the Exchange Effective Date, Paul Weibel notified the Company of his resignation from the Board of Directors of the Company (the “Board”), effective on such date.

Appointed

Curtis L. Hebert Jr.

Director

FEAM · 5E Advanced Materials, Inc.

Effective: 2025-03-05
Filed: March 5, 2025, 6:59 PM ET

On the Exchange Effective Date, the Board appointed Curtis L. Hebert, Jr., as a director, effective immediately

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Weibel resigned as Director at 5E Advanced Materials, Inc..

Action: resigned
Role: Director

Exact text from the filing

On the Exchange Effective Date, Paul Weibel notified the Company of his resignation from the Board of Directors of the Company (the “Board”), effective on such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Curtis L. Hebert Jr. was appointed as Director at 5E Advanced Materials, Inc..

Action: appointed
Role: Director

Exact text from the filing

On the Exchange Effective Date, the Board appointed Curtis L. Hebert, Jr., as a director, effective immediately

View on SEC.gov

5E Advanced Materials, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-033824

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