UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On December 5, 2023, Atlas Lithium Corporation (the “Company”) closed a previously announced registered direct offering of 335,908 shares of its common stock (the “Registered Shares”) to certain accredited investors (the “Registered Offering”) at a purchase price of $29.77 per share. The gross proceeds from the Registered Offering were approximately $9.9 million after deducting offering expenses paid by the Company. The net proceeds received by the Company from the Registered Offering will be used for general corporate purposes, including the development and commercialization of the Company’s products, general and administrative expenses, and working capital and capital expenditures.
The Registered Shares were offered pursuant to a prospectus supplement dated December 1, 2023, and a base prospectus dated September 18, 2023, which is part of a registration statement (“Registration Statement”) on Form S-3 (Registration No. 333-274223) that was declared effective by the Securities and Exchange Commission (the “SEC”) on September 18, 2023. Copies of the prospectus supplement and the accompanying prospectus relating to the Registered Shares may be obtained for free by visiting the SEC’s website at www.sec.gov.
The purpose of this Current Report on Form 8-K is to file the legal opinion of Brownstein Hyatt Farber Schreck, LLP, counsel to the Company, relating to the validity of the Registered Shares sold in the Registered Offering as Exhibit 5.1 to this Current Report on Form 8-K, which is incorporated herein and into the Registration Statement by this reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description | |
| 5.1 | Opinion of Brownstein Hyatt Farber Schreck, LLP | |
| 23.1 | Consent of Brownstein Hyatt Farber Schreck, LLP (included in Exhibit 5.1) | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XRBL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ATLAS LITHIUM CORPORATION | ||
| Dated: December 5, 2023 | By: | /s/ Marc Fogassa |
| Name: | Marc Fogassa | |
| Title: | Chief Executive Officer | |