[SCHEDULE 13D/A] 5E Advanced Materials, Inc. SEC Filing

Rhea-AI Filing Summary

Amendment No. 8 to Schedule 13D reports that Ascend-related entities and Meridian increased their positions in 5E Advanced Materials, Inc. (Common Stock). On August 25, 2025 Ascend Global and Meridian each purchased 50,000 shares from the issuer at $3.50 per share. The filing states there were 22,441,260 shares outstanding on that date plus 2,816,346 exercisable warrant shares used to calculate ownership percentages. The cover pages show Ascend Global and affiliated reporting persons beneficially own 10,646,992 shares (42.2% of the class) and Meridian beneficially owns 5,206,847 shares (21.8% of the class). The filing discloses related ownership relationships and that no other transactions occurred in the prior 60 days.

Positive

• Ascend-related group increased direct investment through purchases of 50,000 shares each at $3.50 from the issuer on August 25, 2025.
• Clear ownership disclosure: Ascend-related persons report beneficial ownership of 10,646,992 shares (42.2%) and Meridian reports 5,206,847 shares (21.8%), with calculations tied to stated outstanding shares and exercisable warrants.

Negative

• High ownership concentration (42.2% held by Ascend-related persons) could limit float and centralize control, affecting minority shareholder influence.
• Interrelated ownership structure across multiple entities and the potential deemed beneficial ownership by Mr. Susanto introduce governance and related-party complexity.

Insights

Financial Analyst

TL;DR: Ascend-related group now controls a significant minority stake (42.2%), signaling strong insider support and potential influence on corporate strategy.

The additional purchases (50,000 shares each at $3.50) are explicit evidence of continued investment by Ascend Global and Meridian into FEAM equity directly from the issuer, increasing the record and beneficial ownership tallies used in the filing. With 10,646,992 shares ascribed to Ascend-related persons representing 42.2% of the class (based on 22,441,260 outstanding plus exercisable warrants), this constitutes concentrated ownership that can materially affect liquidity and control dynamics. The filing quantifies ownership precisely and confirms funding came from partner/shareholder contributions. From a capital-markets perspective, such concentration can reduce free float and increase influence over board or strategic decisions.

Corporate Governance Expert

TL;DR: Ownership concentration raises governance considerations about control, related-party influence, and minority shareholder protections.

The Schedule 13D clarifies that Ascend Global, Meridian and affiliated entities are interrelated (shared ownership and control channels) and that Mr. Susanto may be deemed to share beneficial ownership, although he disclaims direct beneficial ownership. The filing explicitly ties ownership across multiple entities and identifies shared voting and dispositive power figures. These facts increase the potential for coordinated action by the reporting group, which is material for governance and any potential transactions requiring shareholder approval. The disclosure is thorough on relationships but does not state any proposed changes in board composition or corporate actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

5E Advanced Materials, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

33830Q109

(CUSIP Number)

Mulyadi Tjandra
1 Kim Seng Promenade #10-01, East Tower, Great World City
Singapore, U0, 237994
65 6737 3023

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/25/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 33830Q109

1

Name of reporting person

Meridian Investments Corporation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,206,847.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,206,847.00

11

Aggregate amount beneficially owned by each reporting person

5,206,847.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 33830Q109

1

Name of reporting person

Ascend Global Investment Fund SPC for and on behalf of Strategic SP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,646,992.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,646,992.00

11

Aggregate amount beneficially owned by each reporting person

10,646,992.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.2 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 33830Q109

1

Name of reporting person

Ascend Capital Advisors (S) Pte. Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,646,992.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,646,992.00

11

Aggregate amount beneficially owned by each reporting person

10,646,992.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.2 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 33830Q109

1

Name of reporting person

Ascend Financial Holdings Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,646,992.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,646,992.00

11

Aggregate amount beneficially owned by each reporting person

10,646,992.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.2 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 33830Q109

1

Name of reporting person

Halim Susanto

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,646,992.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,646,992.00

11

Aggregate amount beneficially owned by each reporting person

10,646,992.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: 5E Advanced Materials, Inc.
(c)	Address of Issuer's Principal Executive Offices: 9329 Mariposa Road, Suite 210, Hesperia, CALIFORNIA , 92344.
Item 1 Comment: This Amendment No. 8 to Schedule 13D amends and supplements the statement on Schedule 13D filed with the United States Securities and Exchange Commission on January 29, 2024 (as amended to date, the "Schedule 13D"), relating to the common stock, par value $0.01 per share (the "Common Stock"), of 5E Advanced Materials, Inc., a Delaware corporation (the "Issuer"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is hereby amended and supplemented as follows: On August 25, 2025, Ascend Global and Meridian each purchased 50,000 shares of Common Stock from the Issuer at a price of $3.50 per share. Ascend Global and Meridian obtained the funds to purchase the Common Stock through capital contributions from its partners and shareholders, including the other Reporting Persons.
Item 5.	Interest in Securities of the Issuer
(a)	The information contained on the cover pages is incorporated by reference to this Item 5. The ownership information presented on the cover pages represents beneficial ownership of Common Stock of the Issuer as of the date hereof, based upon (i) 22,441,260 shares of Common Stock outstanding as of August 25, 2025 and (ii) 2,816,346 shares of Common Stock issuable upon the exercise of warrants that are currently exercisable.
(b)	The information contained on the cover pages is incorporated by reference to this Item 5. Ascend Global is the record holder of 4,031,972 shares of Common Stock and 1,408,173 shares of Common Stock underlying warrants that are that are currently exercisable. Meridian is the record holder of 3,798,674 shares of Common Stock and 1,408,173 shares of Common Stock underlying warrants that are currently exercisable. Ascend Global is the sole shareholder of Meridian, and may be deemed to share beneficial ownership of the securities held of record by Meridian. Ascend Financial is the sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., which is the sole partner of Ascend Global. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global. By virtue of his control of Ascend Financial, Mr. Susanto may also be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global under Section 13(d) of the Securities Exchange Act of 1934 (as amended) and the rules promulgated by the U.S. Securities and Exchange Commission thereunder. Mr. Susanto disclaims beneficial ownership of the securities beneficially owned by Ascend Global.
(c)	Other than as described in this Amendment No. 8, the Reporting Persons have not effected any transactions in the Common Stock in the last 60 days.
(d)	None.
(e)	Not applicable.

SIGNATURE

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.

Meridian Investments Corporation

Signature:	/s/ Mulyadi Tjandra
Name/Title:	Mulyadi Tjandra, Director
Date:	08/27/2025

Ascend Global Investment Fund SPC for and on behalf of Strategic SP

Signature:	/s/ Mulyadi Tjandra
Name/Title:	Mulyadi Tjandra, Director
Date:	08/27/2025

Ascend Capital Advisors (S) Pte. Ltd.

Signature:	/s/ Mulyadi Tjandra
Name/Title:	Mulyadi Tjandra, Director
Date:	08/27/2025

Ascend Financial Holdings Limited

Signature:	KEY TIME VENTURES LIMITED, Director; /s/ Lau Kar Yee
Name/Title:	Lau Kar Yee, Authorized Signatory of Key Time Ventures Limited
Date:	08/27/2025

Halim Susanto

Signature:	/s/ Halim Susanto
Name/Title:	Halim Susanto
Date:	08/27/2025

FAQ

What stake does Ascend-related group hold in 5E Advanced Materials (FEAM)?

The filing reports Ascend-related persons beneficially own 10,646,992 shares, representing 42.2% of the class based on the issuer's stated share counts.

How many shares did Ascend Global and Meridian buy on August 25, 2025?

Each purchased 50,000 shares from the issuer at a price of $3.50 per share on August 25, 2025.

What basis was used to calculate ownership percentages in the filing?

Percentages are based on 22,441,260 shares outstanding as of August 25, 2025 plus 2,816,346 shares issuable upon currently exercisable warrants.

Did the reporting persons make other transactions in the last 60 days?

Other than the transactions described in this Amendment No. 8, the reporting persons state they have not effected any transactions in the Common Stock in the last 60 days.

Who signed the Schedule 13D/A for the reporting entities?

Signatures on the filing include Mulyadi Tjandra (Director) for several entities and Lau Kar Yee as authorized signatory for Ascend Financial Holdings Limited; Halim Susanto also signed personally.