5E Advanced Materials Closes First Tranche of Equity Financing Following Special Meeting [Yahoo! Finance]
5E Advanced Materials, Inc. (FEAM)
Company Research
Source: Yahoo! Finance
HESPERIA, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced it has closed its first tranche of equity financing following a favorable vote from the Company's stockholders at its special meeting held last week. The first closing included $10 million in new equity capital split equally between Ascend Global Investment Fund SPC (“Ascend”) and 5ECAP, LLC (“5ECAP”). This equity capital is expected to provide the necessary resources to advance mining operations and progress towards first production. The first tranche of closing also coincided with an amendment and restatement of the note purchase agreement related to the Company's senior secured convertible notes held by Bluescape Special Situations IV, LLC, and in parallel, half of the outstanding convertible notes were acquired by A
Show less
Read more
Impact Snapshot
Event Time:
FEAM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FEAM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FEAM alerts
High impacting 5E Advanced Materials, Inc. news events
Weekly update
A roundup of the hottest topics
FEAM
News
- 5E Advanced Materials Announces First Boric Acid Production and Extended Waiver of Cash Covenant [Yahoo! Finance]Yahoo! Finance
- 5E Advanced Materials Announces First Boric Acid Production and Extended Waiver of Cash Covenant [Financial Post (Toronto, Ontario, Canada)]Financial Post
- 5E Advanced Materials Announces First Boric Acid Production and Extended Waiver of Cash CovenantGlobeNewswire
- 5E Advanced Materials commences commercial production at 5E Boron Americas complex [Seeking Alpha]Seeking Alpha
- 5E Advanced Materials Commences Commercial Production At 5E Boron Americas ComplexGlobeNewswire
FEAM
Earnings
- 2/14/24 - Miss
FEAM
Sec Filings
- 4/29/24 - Form 10-Q
- 4/3/24 - Form 8-K
- 4/1/24 - Form 4
- FEAM's page on the SEC website