---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-014025"
form_type: "8-K"
ticker: "AESI"
cik: "0001984060"
company_name: "Atlas Energy Solutions Inc."
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:50:00.086063+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Atlas Energy Solutions issues $450M 0.50% convertible notes due 2031; conversion price $14.51

## Summary
- Issued $450M aggregate principal of 0.50% Convertible Senior Notes due 2031; up from $300M initially announced.
- Initial conversion price ~$14.51 (30% premium over $11.16 close); capped call transactions cost $50M with cap at $22.32.
- Net proceeds ~$435M: ~$66M to repay Stonebriar advances, ~$75M to repay ABL facility, remainder for Caterpillar equipment and general corporate.
- Notes are senior unsecured, interest payable semi-annually, redeemable after April 2029 if stock price exceeds 130% of conversion price.
- Capped call transactions with option counterparties reduce potential dilution upon conversion or offset cash payments.

## SEC filing metadata
- accession: 0001140361-26-014025
- form_type: 8-K
- ticker: AESI
- cik: 0001984060
- company_name: Atlas Energy Solutions Inc.
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1984060/000114036126014025/0001140361-26-014025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1984060/000114036126014025/ef20069949_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-014025
- JSON: https://secwatch.observer/filing/0001140361-26-014025.json
- Plain text: https://secwatch.observer/filing/0001140361-26-014025.txt

## Source-grounded claims
- claim_id: dad5eba7aa810b1413ca929cd533c5cd0c00f349
  claim: Atlas Energy Solutions Inc. incurred convertible notes of $450 million aggregate principal amount with U.S. Bank Trust Company, National Association at 0.50% maturing April 15, 2031.
  evidence_excerpt: On April 9, 2026, Atlas Energy Solutions Inc. (the “Company”), issued $450 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 (the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1984060/000114036126014025/0001140361-26-014025-index.htm
- claim_id: ee06af92f742f7dfd969545a975308a5daa519d9
  claim: Atlas Energy Solutions Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $450,000,000 0.50% Convertible Senior Notes due 2031 (effective 2026-04-09).
  evidence_excerpt: On April 9, 2026, Atlas Energy Solutions Inc. (the “Company”), issued $450 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 (the “Notes”), which included the exercise in full of the Initial Purchasers’ (as defined below) option to purchase up to an additional $60 million principal amount of Notes. The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of April 9, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1984060/000114036126014025/0001140361-26-014025-index.htm

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