8-K
filed March 14, 2023, 7:59 PM ET
CIK 0001910950
other material
confidence high
sentiment positive
materiality 0.85
Atlas Energy Solutions prices IPO at $18/share, raises ~$293M for Dune Express conveyor
Atlas Energy Solutions Inc.
- Priced 18M shares of Class A common at $18.00; expected to trade NYSE March 9 under AESI.
- Net proceeds ~$292.9M (or $338.4M if underwriters exercise overallotment).
- Proceeds to fund Dune Express conveyor system construction and general corporate purposes.
- Reorganization completed: Legacy owners exchanged Atlas Units for 39.1M Class A and 42.9M Class B shares.
- Board expanded to nine with seven new independent directors; LTIP adopted with 10.27M shares reserved.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark P. Mills was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stacy Hock was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen C. Cole was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gayle Burleson was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robb L. Voyles was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
A. Lance Langford was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Douglas Rogers was appointed as Director at Atlas Energy Solutions Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 8, 2023, the Board, effective prior to effectiveness of the Registration Statement, increased the size of the Board to nine and appointed Gayle Burleson, Stephen C. Cole, Stacy Hock, A. Lance Langford, Mark P. Mills, Douglas Rogers and Robb L. Voyles to the Board.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Atlas Energy Solutions Inc.: Amended and restated bylaws on March 8, 2023 (effective 2023-03-08).
- Change
- bylaw amendment
- Effective
- 2023-03-08
Exact text from the filing
On March 8, 2023, the Company amended and restated its bylaws (as amended and restated, the “Bylaws”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Atlas Energy Solutions Inc.: Amended and restated certificate of incorporation, became effective March 8, 2023 (effective 2023-03-08).
- Change
- charter amendment
- Effective
- 2023-03-08
Exact text from the filing
The Company amended and restated its certificate of incorporation (the “Amended Certificate of Incorporation”), which was filed with the Secretary of State of the State of Delaware on March 8, 2023, and became effective on March 8, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Atlas Energy Solutions Inc. entered into Underwriting Agreement with Goldman Sachs & Co. LLC, BofA Securities, Inc. and Piper Sandler & Co., as representatives of the several underwriters valued at 18,000,000 shares of Class A Common Stock at a price to the public of $18.00 per share (effective 2023-03-08).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Goldman Sachs & Co. LLC, BofA Securities, Inc. and Piper Sandler & Co., as representatives of the several underwriters
- Value
- 18,000,000 shares of Class A Common Stock at a price to the public of $18.00 per share
- Effective
- 2023-03-08
Exact text from the filing
On March 8, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, BofA Securities, Inc. and Piper Sandler & Co., as representatives of the several underwriters named therein (the “Underwriters”), relating to the offer and sale of the Company’s Class A Common Stock.
View on SEC.gov
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