other material
confidence high
sentiment neutral
materiality 0.50
5E Advanced Materials closes $5.0M private placement; issues 1.4M shares & warrants
5E Advanced Materials, Inc.
- 1,408,173 shares at $3.5507/share for $5.0M gross proceeds to Bluescape, Meridian, Ascend.
- Warrants for 5,632,692 shares at same price, exercisable immediately, expire March 2026.
- Bluescape received 704,087 shares; Meridian and Ascend each received 352,043 shares.
- Post-closing shares outstanding: 17,995,995.
- Securities issued under Section 4(a)(2) private placement exemption.