Ascend Global Investment Fund Amends 5E Advanced Materials Stake

TL;DR

Ascend Global Investment Fund filed an amendment for 5E Advanced Materials, Inc. - check for changes.

AI Summary

Ascend Global Investment Fund SPC - Strategic Segregated Portfolio, through its group members including Ascend Capital Advisors (S) Pte. Ltd., Ascend Financial Holdings Ltd, Halim Susanto, and Meridian Investments Corp, has filed an amendment (No. 4) to its Schedule 13D on September 18, 2024, regarding its holdings in 5E Advanced Materials, Inc. The filing indicates a change in reporting on or about September 18, 2024.

Why It Matters

This amendment signals a potential shift in the investment strategy or ownership structure of 5E Advanced Materials, Inc. by a significant shareholder.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes or activist intentions, which can lead to 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

Key Financial Figures

• $0.01 — relating to the common stock, par value $0.01 per share (the “Common Stock&rdqu
• $1.5 million — cend Global and Meridian each purchased $1.5 million of the September 2024 Notes (as defined
• $6.0 million — 6, 2024, the Issuer (i) issued and sold $6.0 million aggregate principal amount of convertib
• $3.0 million — “Purchasers”), comprised of $3.0 million of September 2024 Notes to BEP and $1.5
• $1,000 — of 1066.6667 shares of Common Stock per $1,000 principal amount of Notes (the “C
• $0.9375 — o;), representing a conversion price of $0.9375 per share. The Conversion Rate for the

Filing Documents

• formsc13da.htm (SC 13D/A) — 159KB
• 0001493152-24-037038.txt ( ) — 161KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a) – (b) of the Schedule 13D is hereby

Item 5(a) – (b) of the Schedule 13D is hereby amended and supplemented with the following: (a) – (b) The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of the date hereof, based upon 68,826,797 shares of Common Stock outstanding as of September 6, 2024, as disclosed in the Issuer’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on September 9, 2024. Reporting Person Amount beneficially owned Percent of class: Sole power to vote or to direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Meridian Investments Corporation 19,638,056 22.2 % 0 19,638,056 0 19,638,056 Ascend Global Investment Fund SPC for and on behalf of Strategic SP 44,641,966 41.3 % 0 41,641,966 0 41,641,966 Ascend Capital Advisors (S) Pte. Ltd. 41,641,966 41.3 % 0 41,641,966 0 41,641,966 Ascend Financial Holdings Limited 41,641,966 41.3 % 0 41,641,966 0 41,641,966 Halim Susanto 41,641,966 41.3 % 0 41,641,966 0 41,641,966 CUSIP No. 33830Q109 13D Page 8 of 9 pages Meridian is the record holder of Convertible Notes that are currently convertible into 19,638,056 shares of Common Stock issuable upon conversion of the outstanding principal of, and paid-in-kind interest accrued on, the Convertible Notes, assuming all interest is paid in-kind until the maturity date. In addition, Ascend Global is the record holder of 5,365,854 shares of Common Stock and Convertible Notes that are currently convertible into 19,638,056 shares of Common Stock issuable upon conversion of the outstanding principal of, and paid-in-kind interest accrued on, the Convertible Notes, assuming all interest is paid in-kind until the maturity date. Ascend Global is the sole shareholder of Meridian, and as a result may be deemed to share beneficial

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 : September 18, 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

View Full Filing

View this SC 13D/A filing on SEC EDGAR