Possible new FEAM shares

FEAMDilution

Known so far: no new shares from the prospectus covers read · shelf room about $7.1M · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today about $7.1M
  • One third of float $7.1M ($21.3M float, Dec 31, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $7.1M on the S-3 of May 23, 2025: the baby-shelf rule (public float under $75M) caps sales at one third of the $21.3M public float stated as of Dec 31, 2025, $7.1M, nothing sold off it in the last 12 months. Sources: S-3 May 23, 2025, effective Jun 4, 2025 · public float, as of Dec 31, 2025.

What could become new 5E Advanced Materials (FEAM) shares, from its 10-Q, 10-K, S-1 or 424B filings.

Read so far: the cover share count (41.6M shares, +86% from 22.4M on Sep 28, 2025). Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-K · S-1 registration filings.

Shares outstanding

41.6M

Nov 2024 to Sep 2026: from 3.0M to 41.6M. Adjusted for the 1-for-23 reverse split by May 14, 2025: each earlier count is divided by the ratio of every split after it.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.