Executive leadership at Atlas Lithium.
Board of directors at Atlas Lithium.
Research analysts covering Atlas Lithium.
Recent press releases and 8-K filings for ATLX.
Atlas Lithium Corporation Announces $10.0 Million Registered Direct Offering
ATLX
New Projects/Investments
- Atlas Lithium Corporation (ATLX) entered into a securities purchase agreement on December 5, 2025, for a registered direct offering of 2,500,000 shares of common stock at a price of $4.00 per share.
- The offering is expected to close on or about December 8, 2025, generating aggregate gross proceeds of $10.0 million before deducting placement agent's fees and offering expenses.
- The net proceeds will be used for general corporate purposes, including the development and commercialization of its lithium concentrate product, general and administrative expenses, and working capital and capital expenditures.
- A.G.P./Alliance Global Partners served as the sole placement agent, receiving a cash fee equal to 7.0% of the gross proceeds, along with reimbursement for legal fees up to $50,000 and non-accountable expenses up to $5,000.
- The company's directors and executive officers are subject to a 90-day lock-up agreement, and the company itself has a 30-day restriction on selling additional common stock or convertible securities after the closing date.
Dec 8, 2025, 9:30 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more