Corrected: (OFFICIAL)-BRIEF-5E Advanced Materials Announces Restructuring Support Agreement And New Equity Capital - Dec 6

5E Advanced Materials

11/12/2023 12:50

(Corrects bullet 4 after company clarifies that effective date of Selig's
addition to board is Dec 11, not Dec 5)
       Dec 6 (Reuters) - 5E Advanced Materials Inc  FEAM.O :
    * 5E ADVANCED MATERIALS ANNOUNCES RESTRUCTURING SUPPORT AGREEMENT AND NEW
EQUITY
CAPITAL
    * 5E ADVANCED MATERIALS INC - NEW INVESTORS TO COMMIT UP TO $25M USD UNDER
TRANSACTION
    * 5E ADVANCED MATERIALS INC - BLUESCAPE SPECIAL SITUATIONS IV, LLC PROVIDED
AN
OPTION TO INVEST AN ADDITIONAL $10M USD UNDER TRANSACTION.
    * 5E ADVANCED MATERIALS INC -  BOARD HAVE ADDED STEFAN SELIG TO BOARD,
EFFECTIVE
DECEMBER 11
    * 5E ADVANCED MATERIALS INC - NEW INVESTORS TO ACQUIRE 50% OF OUTSTANDING
PRINCIPAL AMOUNT OF CONVERTIBLE NOTES FROM LENDER UNDER RSA
    * 5E ADVANCED MATERIALS INC - TRANSACTION IS SUPPORTED UNANIMOUSLY BY BOARD
    * 5E ADVANCED MATERIALS INC - COMPANY EXPECTS TO IMPLEMENT TRANSACTION AND
RESTRUCTURING THROUGH AN OUT-OF-COURT RESTRUCTURING

Further company coverage:  FEAM.O 

 ((Reuters.Briefs@thomsonreuters.com))