Synchron Amends Rare Element Resources Filing
Ticker: REEMF · Form: SC 13D/A · Filed: Mar 19, 2024 · CIK: 1419806
Sentiment: neutral
Topics: amendment, schedule-13d, filing-update
Related Tickers: REEMF
TL;DR
Synchron updated its filing for Rare Element Resources. No new $ or shares mentioned.
AI Summary
Synchron, through its group members General Atomics Technologies Corp and Tenaya Corp, filed an amendment (Amendment No. 3) to its Schedule 13D on March 19, 2024, regarding its holdings in Rare Element Resources Ltd. The filing indicates a change in the reporting person's information, with Rhys Williams of Synchron listed as the contact. No specific shareholdings or dollar amounts were detailed in this amendment.
Why It Matters
This filing updates information for Synchron's stake in Rare Element Resources, which could signal changes in their investment strategy or relationship with the company.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, making them inherently medium-risk for investors monitoring the company.
Key Players & Entities
- Synchron (company) — Reporting person filing amendment
- General Atomics Technologies Corp (company) — Group member of Synchron
- Tenaya Corp (company) — Group member of Synchron
- Rare Element Resources Ltd (company) — Subject company
- Rhys Williams (person) — Contact person for Synchron
- Donald G. Kilpatrick, Esq. (person) — Copy recipient, legal counsel
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is Amendment No. 3 to the Schedule 13D, indicating changes or updates to the information previously reported by Synchron regarding its holdings in Rare Element Resources Ltd.
Who is the reporting person in this filing?
The reporting person is Synchron, with Rhys Williams listed as the contact, and its group members General Atomics Technologies Corp and Tenaya Corp.
What is the subject company of this filing?
The subject company is Rare Element Resources Ltd.
When was this amendment filed?
This amendment was filed on March 19, 2024.
Does this amendment specify the number of shares owned or the dollar amount of the holding?
This specific amendment (Amendment No. 3) does not detail the number of shares owned or the dollar amount of the holding; it primarily serves to update reporting person information.
Filing Stats: 2,270 words · 9 min read · ~8 pages · Grade level 13.9 · Accepted 2024-03-19 18:54:58
Key Financial Figures
- $4,752,000 — as of the date of the transaction, for $4,752,000 in cash, including a $500,000 prelimina
- $500,000 — on, for $4,752,000 in cash, including a $500,000 preliminary payment made on August 18,
- $5,040,000 — Shares ") at a total exercise price of $5,040,000 in cash (the " Option Exercise Price ")
- $15,727,662 — ares of the Issuer for a total price of $15,727,662 in cash (such transaction, the " 2021 S
- $29,326,030 — ares of the Issuer for a total price of $29,326,030 in cash (such transaction, the " 2024 S
Filing Documents
- ef20024659_sc13da.htm (SC 13D/A) — 105KB
- 0001140361-24-014210.txt ( ) — 107KB
of the Existing Schedule 13D is hereby incorporated by reference in its entirety
Item 7 of the Existing Schedule 13D is hereby incorporated by reference in its entirety.
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. Dated: March 15, 2024 SYNCHRON By: /s/ Rhys Williams Name: Rhys Williams Title: President and Treasurer GENERAL ATOMIC TECHNOLOGIES CORPORATION By: /s/ James N. Blue Name: James N. Blue Title: Chairman, Director and President TENAYA CORPORATION By: /s/ James N. Blue Name: James N. Blue Title: Chairman, Director and President