5E Advanced Materials, Inc. (FEAM) has released an update to notify the public and investors about an entry into a material definitive agreement.
On January 18, 2024, 5E Advanced Materials, Inc., Ascend Global Investment Fund SPC, and 5ECAP, LLC amended and restated a subscription agreement. Following this, on January 29, 2024, 5E Advanced Materials, Inc. completed a second closing of its private placement, issuing 8,317,074 shares of common stock to 5ECAP at $1.025 per share. This issuance also compensated 5ECAP with shares for the placement fee.
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For a comprehensive understanding of the announcement, you can read the full document here.
