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5E Advanced Materials Secures $30M Funding and Restructures $63.5M Convertible Notes
3:29am on Monday 2nd of June, 2025 AEST
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5E Advanced Materials Secures $30M Funding and Restructures $63.5M Convertible Notes
3:29am on Monday 2nd of June, 2025 AEST
Key Points
Restructuring Support Agreement with Ascend, BEP, and Meridian
Issuance of 312.5 million common shares to equitize all outstanding convertible notes
Additional $5 million common stock purchase by lenders at a discounted price
Issuance of warrants to purchase up to $20 million in common stock
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