Atlas Lithium raises $4.66M in public offering; lists on Nasdaq under ATLX

Atlas Lithium Corp

Offered 675,000 shares at $6.00 per share, plus full exercise of over-allotment of 101,250 shares.
Total gross proceeds of ~$4.66 million before expenses; net proceeds for lithium exploration and working capital.
Common stock began trading on Nasdaq Capital Market under ticker ATLX on January 10, 2023.
EF Hutton acted as sole book-running manager for the offering.
Representative's warrants issued to underwriters for 33,750 shares at $7.50 exercise price.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Atlas Lithium Corp entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC valued at Sale of 675,000 shares of Common Stock at $6.00 per share, plus over-allotment option for 101,250 sh (effective 2023-01-09).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton, division of Benchmark Investments, LLC
Value: Sale of 675,000 shares of Common Stock at $6.00 per share, plus over-allotment option for 101,250 sh
Effective: 2023-01-09

Exact text from the filing

On January 9, 2023 (the “Effective Date”), Atlas Lithium Corporation, a Nevada corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC, as representative of the underwriters named therein (the “Representative”), pursuant to which the Company agreed to sell an aggregate of 675,000 shares of the Company’s common stock, par value $0.001 (“Common Stock”), to the Representative, at a public offering price of $6.00 per share (the “Offering Price”) in a firm commitment public offering (the “Offering”).

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Atlas Lithium Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-001431

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