Ascend Global Investment Fund Amends 5E Advanced Materials Stake
Ticker: FEAV · Form: SC 13D/A · Filed: Jun 13, 2024 · CIK: 1888654
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: FEAM
TL;DR
Ascend Global Investment Fund filed a 13D/A for 5E Advanced Materials, Inc. - ownership change incoming.
AI Summary
On June 13, 2024, Ascend Global Investment Fund SPC - Strategic Segregated Portfolio filed an amendment (No. 2) to its Schedule 13D regarding 5E Advanced Materials, Inc. The filing indicates a change in beneficial ownership, with Ascend Capital Advisors (S) Pte. Ltd., Ascend Financial Holdings Ltd, Halim Susanto, and Meridian Investments Corp listed as group members. The specific percentage of shares held or the dollar amount involved in the change was not detailed in the provided text.
Why It Matters
This amendment signals a potential shift in control or significant investment activity in 5E Advanced Materials, Inc., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- Ascend Global Investment Fund SPC - Strategic Segregated Portfolio (company) — Filing entity
- 5E Advanced Materials, Inc. (company) — Subject company
- Ascend Capital Advisors (S) Pte. Ltd. (company) — Group member
- Ascend Financial Holdings Ltd (company) — Group member
- Halim Susanto (person) — Group member
- Meridian Investments Corp (company) — Group member
- Mulyadi Tjandra (person) — Contact person
FAQ
What specific change in beneficial ownership is reported in this amendment?
The filing is an amendment (No. 2) to Schedule 13D, indicating a change in beneficial ownership of 5E Advanced Materials, Inc. by Ascend Global Investment Fund SPC - Strategic Segregated Portfolio and its group members. Specific details of the change were not provided in the text.
Who are the group members associated with Ascend Global Investment Fund SPC in this filing?
The group members listed are ASCEND CAPITAL ADVISORS (S) PTE. LTD., ASCEND FINANCIAL HOLDINGS LTD, HALIM SUSANTO, and MERIDIAN INVESTMENTS CORP.
What is the CUSIP number for 5E Advanced Materials, Inc.?
The CUSIP number for 5E Advanced Materials, Inc. is 33830Q109.
When was this amendment filed with the SEC?
This amendment was filed on June 13, 2024.
What is the business address of 5E Advanced Materials, Inc.?
The business address of 5E Advanced Materials, Inc. is 9329 MARIPOSA ROAD, SUITE 210, HESPERIA, CA 92344.
Filing Stats: 2,334 words · 9 min read · ~8 pages · Grade level 14.1 · Accepted 2024-06-13 16:30:26
Key Financial Figures
- $0.01 — relating to the common stock, par value $0.01 per share (the “Common Stock&rdqu
- $3,000,000 — June 11, 2024, Ascend Global purchased $3,000,000 in aggregate principal amount of New No
- $1,500,000 — defined below), Ascend Global assigned $1,500,000 in aggregate principal amount of New No
- $1.5375 — f Common Stock at a conversion price of $1.5375 per share of Common Stock. Assuming the
- $1,000 — of 650.4065 shares of Common Stock per $1,000 principal amount of Convertible Notes.
Filing Documents
- formsc13da.htm (SC 13D/A) — 160KB
- 0001493152-24-023700.txt ( ) — 162KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : June 13, 2024 Meridian Investments Corporation By: /s/ Mulyadi Tjandra Name: Mulyadi Tjandra Title: Director Ascend Global Investment Fund SPC for and on behalf of Strategic SP By: /s/ Mulyadi Tjandra Name: Mulyadi Tjandra Title: Director Ascend Capital Advisors (S) Pte. Ltd. By: /s/ Mulyadi Tjandra Name: Mulyadi Tjandra Title: Director Ascend Financial Holdings Limited By: KEY TIME VENTURES LIMITED, Director By: /s/ Lau Kar Yee Name: Lau Kar Yee Title: Authorized Signatory of Key Time Ventures Limited /s/ Halim Susanto Halim Susanto