5E Advanced Materials, Inc. Form SCHEDULE 13D — Oct 8, 2026
Karnavati Holdings, Nirma Limited, and Dr. Karsanbhai K. Patel filed a joint Schedule 13D disclosing beneficial ownership of 6,144,182 shares of 5E Advanced Materials common stock, approximately 12.4% of the 49,634,871 shares outstanding. The shares were acquired on October 1, 2026, partly in satisfaction of DIP obligations owed to Karnavati under a June 2026 Debtor-in-Possession Credit Agreement with Searles Valley Minerals, and as designee of HSBC Bank USA.
Key figures
- Shares Outstanding
- 49634871
- Escrow Shares
- 1843318
- Held Back Shares
- 312500
- Percent Of Class
- 12.4%
- Bridge Facility Usd
- $10.0 million ($7.0M funded at closing, $3.0M Tranche 2)
- Dr Patel Nirma Stake
- 58.98%
- Shares Issued Under APA
- 8300000
- Shares Beneficially Owned
- 6144182
- Additional Shares Possible
- 2155818
AI analysis
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