AI assistant
5E Advanced Materials, Inc. — Director's Dealing 2025
Mar 7, 2025
34305_dirs_2025-03-07_8a7b4a23-00c6-4730-87ca-b1e023400ddf.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: 5E Advanced Materials, Inc. (FEAM)
CIK: 0001888654
Period of Report: 2025-03-05
Reporting Person: Ascend Global Investment Fund SPC - Strategic Segregated Portfolio (Director, 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)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-05 | Common Stock | M | 6793262 | — | Acquired | 7026560 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-05 | Convertible Notes | $ | M | Disposed | 2028-08-15 | Common Stock (6793262) | Indirect |
Footnotes
F1: On March 5, 2025, the Convertible Notes were exchanged for shares of Common Stock pursuant to an Exchange Agreement dated January 14, 2025 among the Issuer, BEP Special Situations IV LLC, Ascend Global Investment Fund SPC ("Ascend Global"), and Meridian Investments Corporation ("Meridian").
F2: All information in this Form 4 reflects the impact of the Issuer's 1-for-23 reverse stock split effected on February 14, 2025.
F3: Ascend Global is the record holder of 3,629,929 shares of Common Stock and Meridian is the record holder of 3,396,631 shares of Common Stock. Ascend Global is the sole shareholder of Meridian, and 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.