Ascend Global Investment Fund SPC - Strategic Segregated Portfolio - 05 Mar 2025 Form 4 Insider Report for 5E Advanced Materials, Inc. (FEAM)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: FEAM
Reported as of: 05 Mar 2025
Net transaction value: -$45,306,230
SEC form: 4
Accepted by SEC: 07 Mar 2025, 16:15:16 UTC
Prior SEC filing: 16 Jan 2025
Next SEC filing: 17 Mar 2025
Source filing: View source filing
Reporting owner signature: Ascend Global Investment Fund SPC for and on behalf of Strategic SP, /s/ Mulyadi Tjandra, By: Mulyadi Tjandra, Title: Director

Key filing fact

Ascend Global Investment Fund SPC - Strategic Segregated Portfolio filed Form 4 for 5E Advanced Materials, Inc. (FEAM) on 07 Mar 2025.

Key facts

This page summarizes Ascend Global Investment Fund SPC - Strategic Segregated Portfolio's Form 4 filing for 5E Advanced Materials, Inc. (FEAM).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 07 Mar 2025, 16:15.

Change

Previous filing in this sequence was filed on 16 Jan 2025.
Current net transaction value: -$45,306,230.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FEAM transaction

Common Stock

Options Exercise

Transaction value
Shares: +6,793,262
Change %: +2912%
Price
Shares after: 7,026,560
Date: 05 Mar 2025
Ownership: See Footnote
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FEAM transaction Derivative

Convertible Notes

Options Exercise

Transaction value: $45,306,230
Shares
Change %
Price
Shares after: 0
Date: 05 Mar 2025
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 6,793,262
Exercise price
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On March 5, 2025, the Convertible Notes were exchanged for shares of Common Stock pursuant to an Exchange Agreement dated January 14, 2025 among the Issuer, BEP Special Situations IV LLC, Ascend Global Investment Fund SPC ("Ascend Global"), and Meridian Investments Corporation ("Meridian").

Footnote F2

All information in this Form 4 reflects the impact of the Issuer's 1-for-23 reverse stock split effected on February 14, 2025.

Footnote F3

Ascend Global is the record holder of 3,629,929 shares of Common Stock and Meridian is the record holder of 3,396,631 shares of Common Stock. Ascend Global is the sole shareholder of Meridian, and may be deemed to share beneficial ownership of the securities held of record by Meridian. Ascend Financial Holdings Limited is the sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., which is the sole partner of Ascend Global. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global. By virtue of his control of Ascend Financial, Mr. Susanto may also be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global under Section 13(d) of the Securities Exchange Act of 1934 (as amended) and the rules promulgated by the U.S. Securities and Exchange Commission thereunder. Mr. Susanto disclaims beneficial ownership of the securities beneficially owned by Ascend Global.