5E Advanced Materials, Inc. — Director's Dealing 2024

Jan 29, 2024

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: 5E Advanced Materials, Inc. (FEAM)
CIK: 0001888654
Period of Report: 2024-01-18

Reporting Person: Ascend Global Investment Fund SPC - Strategic Segregated Portfolio (10% Owner)
Reporting Person: Meridian Investments Corp (10% Owner)
Reporting Person: Ascend Capital Advisors (S) Pte. Ltd. (10% Owner)
Reporting Person: Ascend Financial Holdings Ltd (10% Owner)
Reporting Person: Susanto Halim (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5365854	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Convertible Notes	$	2028-08-15	Common Stock (33130810.5)		Indirect

Footnotes

F1: The shares of common stock, par value $0.01 per share (the "Common Stock") of 5E Advanced Materials, Inc., a Delaware corporation (the "Issuer") are held of record by Ascend Global Investment Fund SPC for and on behalf of Strategic SP ("Ascend Global").

F2: Ascend Global and Meridian Investments Corporation ("Meridian") each purchased $15,890,325 aggregate principal amount of the Issuer's 4.50% senior secured convertible notes (the "Convertible Notes") from BEP Special Situations IV LLC ("BEP") pursuant to the Amended and Restated Note Purchase Agreement (the "Amended and Restated Note Purchase Agreement"), dated of January 18, 2024, by and among the Issuer, BEP, Ascend Global and Meridian. All or any portion of the Convertible Notes may be converted at Ascend's and Meridian's election at any time prior to the close of business on the business day immediately preceding the maturity date. Each of Ascend Global and Meridian is the record holder of Convertible Notes that are currently convertible into 16,565,405.25 shares of Common Stock, issuable upon conversion of the outstanding principal of and paid-in-kind interest accrued on the Convertible Notes, and assuming all interest is paid-in-kind until the maturity date.

F3: Ascend Global is the sole shareholder of Meridian, and as a result may be deemed to share beneficial ownership of the securities held of record by Meridian. Ascend Financial Holdings Limited is the sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., which is the sole partner of Ascend Global. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global. By virtue of his control of Ascend Financial, Mr. Susanto may also be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global under Section 13(d) of the Securities Exchange Act of 1934 (as amended) and the rules promulgated by the U.S. Securities and Exchange Commission thereunder. Mr. Susanto disclaims beneficial ownership of the securities beneficially owned by Ascend Global.