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5E Advanced Materials Announces Pricing of $8.31 Million Public Offering of Common Stock
HESPERIA, CALIFORNIA / ACCESS Newswire / August 21, 2025 / 5E Advanced Materials, Inc. ("5E" or the "Company") (Nasdaq:FEAM)(ASX:5EA), a development stage company focused on becoming a vertically integrated global leader and supplier of specialty ...
About this update from 5e Advanced Materials, Inc.
[{"type":"text","content":"HESPERIA, CALIFORNIA / ACCESS Newswire / August 21, 2025 / 5E Advanced Materials, Inc. ("5E" or the "Company") (Nasdaq:FEAM)(ASX:5EA), a development stage company focused on becoming a vertically integrated global leader and supplier of specialty boron and advanced boron derivative materials, today announced the pricing of its underwritten public offering of common stock in the United States (the "Offering").","length":442,"tagName":"p"},{"type":"text","content":"In the Offering, 5E is selling 2,374,481 shares of common stock at a public offering price of $3.50 per share. All shares of common stock to be sold in the Offering are being offered by 5E. The gross proceeds to 5E from the Offering are expected to be approximately $8.31 million, before deducting underwriting discounts and commissions and estimated Offering expenses payable by 5E. Subject to the satisfaction of customary conditions, the Offering is expected to close on August 25, 2025.","length":490,"tagName":"p"},{"type":"text","content":"Konik Capital Partners, LLC is acting as lead bookrunning manager for the Offering.","length":83,"tagName":"p"},{"type":"text","content":"5E currently intends to use the net proceeds from the Offering, together with its existing cash, cash equivalents and marketable securities, for the operation of its small-scale boron facility (SSBF), wellfield development and analysis, advanced planning for FEL-3 engineering, and general corporate purposes.","length":309,"tagName":"p"},{"type":"text","content":"The Offering is being made pursuant to an effective shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission (the "SEC") on December 20, 2023, as amended and declared effective February 27, 2024. A final prospectus supplement and accompanying prospectus relating to and describing the final terms of the Offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov or may be obtained, when available, from: Konik Capital Partners, LLC, 7 World Trade Center, 46th Floor, New York, NY 10007, or e-mail at [email protected].","length":644,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described he...