As filed with the Securities and Exchange Commission on January 31, 2023
Registration No. 333-267803
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
To
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
5E Advanced Materials, Inc.
(Exact name of registrant as specified in its charter)
Not Applicable
(Translation of Registrants Name into English)
Delaware | 1400 | 87-3426517 | ||
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
19500 State Highway 249, Suite 125
Houston, TX 77070
(346) 439-9656
(Address, including zip code, and telephone number, including area code, of principal executive offices)
Paul Weibel
Chief Financial Officer
5E Advanced Materials, Inc.
19500 State Highway 249, Suite 125
Houston, TX 77070
(346) 439-9656
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
J. Eric Johnson, Esq. Winston & Strawn LLP 800 Capitol Street, Suite 2400 Houston, TX 77002 (713) 651-2647 |
Chantel Jordan, Esq. General Counsel 5E Advanced Materials, Inc. 19500 State Highway 249, Suite 125 Houston, Texas 77070 (346) 439-9656 |
Approximate date of commencement of proposed sale to public: From time to time after the effective date of this registration statement.
If any securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box. ☒
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
Non-accelerated filer | ☒ | Smaller reporting company | ☒ | |||
Emerging growth company | ☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
EXPLANATORY NOTE
5E Advanced Materials, Inc. is filing this amendment (this Amendment No. 2) to its registration statement on Form S-1 (File No. 33-267803) as an exhibits-only filing, to include an updated 5.1 opinion and related consent as well as an updated auditor consent. Accordingly, this Amendment No. 2 consists only of the facing page, this explanatory note, Item 16(a) of Part II of the registration statement, the signature page to the registration statement and the filed exhibits. The remainder of the registration statement is unchanged and has therefore been omitted.
PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS
Item 16. | Exhibits |
(a) Exhibits. The following exhibits are included herein or incorporated herein by reference: The following documents are filed as part of this registration statement:
# | Schedules have been omitted pursuant to Items 601(a)(5) and 601(b)(2) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules upon request by the U.S. Securities and Exchange Commission. The Company may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any schedules so furnished. | |
+ | Management contract or compensatory plan, contract or arrangement. | |
* | Previously filed. | |
** | Filed or furnished herewith. |
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Houston, State of Texas, on January 31, 2023.
5E ADVANCED MATERIALS, INC. | ||
By: | /s/ Paul Weibel | |
Paul Weibel Chief Financial Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature | Capacity | Date | ||
* |
Principal Executive Officer | January 31, 2023 | ||
Anthony Hall |
(Principal Executive Officer) | |||
/s/ Paul Weibel |
Chief Financial Officer | January 31, 2023 | ||
Paul Weibel |
(Principal Financial Officer) | |||
* |
Chair of the Board of Directors | January 31, 2023 | ||
David Salisbury | ||||
* |
Director | January 31, 2023 | ||
Sen Ming (Jimmy) Lim | ||||
* |
Director | January 31, 2023 | ||
Graham vant Hoff | ||||
* |
Director | January 31, 2023 | ||
H. Keith Jennings | ||||
* |
Director | January 31, 2023 | ||
Stephen Hunt |
*By: |
/s/ Paul Weibel | |
Name: |
Paul Weibel | |
Title: |
Attorney-in-fact |
Exhibit 5.1
January 31, 2023
5E Advanced Materials, Inc.
19500 State Highway 249, Suite 125
Houston, TX 77070
Re: | Resale Registration Statement on Form S-1 |
Ladies and Gentlemen:
We have acted as special counsel to 5E Advanced Materials, Inc., a Delaware corporation (the Company), in connection with the Companys registration statement on Form S-1 initially filed with the Securities and Exchange Commission (the Commission) on October 11, 2022 (the Registration Statement), under the Securities Act of 1933, as amended (the Securities Act). The Registration Statement relates to the registration by the Company of up to 4,581,534 shares (the Conversion Shares) of its Common Stock, par value $0.01 per share (the Common Stock), issuable upon conversion of the convertible notes described in the Registration Statement (the Convertible Notes) to be sold by the selling stockholders identified in the Registration Statement.
This opinion letter is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K promulgated under the Securities Act.
In rendering the opinion set forth below, we examined and relied upon such certificates, corporate records, agreements, instruments and other documents, and examined such matters of law, that we considered necessary or appropriate as a basis for the opinion, including the Certificate of Incorporation of the Company, filed as Exhibit 3.1 to the Registration Statement, and the Convertible Note Purchase Agreement, filed as Exhibit 10.14 to the Registration Statement. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as copies and the authenticity of the originals of such latter documents. As to any facts material to the opinions expressed herein that we did not independently establish or verify, we have relied upon oral or written statements and representations of officers and other representatives of the Company and others.
Based upon the foregoing and subject to the assumptions, qualifications and limitations set forth herein, we are of the opinion that the Conversion Shares have been duly authorized and, when issued upon conversion of the Convertible Notes in accordance with the Convertible Note Purchase Agreement and the resolutions adopted by the Board of Directors of the Company, will be validly issued, fully paid and nonassessable.
January 31, 2023 Page 2 |
The opinions expressed herein are based upon and limited to the General Corporation Law of the State of Delaware, including the statutory provisions, the applicable provisions of the Delaware Constitution and reported judicial decisions interpreting the foregoing. We express no opinion herein as to any other laws, statutes, regulations or ordinances.
We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption Legal Matters in the prospectus included in the Registration Statement. In giving such consent, we do not thereby admit that we are experts within the meaning of the Securities Act or the rules and regulations of the Commission or that this consent is required by Section 7 of the Securities Act.
Very truly yours,
/s/ Winston & Strawn LLP
Winston & Strawn LLP
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
5E Advanced Materials, Inc.
Houston, Texas
We hereby consent to the use in the Prospectus constituting a part of this Registration Statement of our report dated September 28, 2022, relating to the consolidated financial statements of 5E Advanced Materials, Inc., which is contained in that Prospectus.
We also consent to the reference to us under the caption Experts in the Prospectus.
/s/ BDO USA, LLP
Spokane, Washington
January 31, 2023