Marc Fogassa reports 24.47% stake in Atlas Critical Minerals
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Rhea-AI Filing Summary
Atlas Critical Minerals Corporation reports that Marc Fogassa beneficially owns 1,222,884 shares of Common Stock, consisting of 1,222,883 common shares and one share of Series A Convertible Preferred, representing 24.47% of the class based on 4,997,445 shares outstanding as of January 8, 2026.
The Series A Preferred is convertible at the Reporting Person's election into one common share and carries 51% of voting power; the filing states aggregate voting power of 62.9% when the Series A Preferred is not converted.
Insights
Majority voting power concentrated through a convertible preferred share.
The filing shows 1,222,884 shares beneficially owned, with a convertible Series A Preferred that the holder can convert into one common share but which currently carries 51% of total votes.
This structure means voting influence can differ from economic stake; subsequent disclosures on director elections or related-party arrangements would clarify governance effects.
Disclosure aligns with Schedule 13G reporting of a >5% beneficial owner.
The filer cites the issuer's prospectus and Form 6-K for the January 8, 2026 outstanding share base of 4,997,445 shares used to compute 24.47%. The statement separates conversion assumption from actual voting rights.
Regulatory watchers should note the dual reporting of percent owned and separate voting-power figures in future filings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percent of Atlas Critical Minerals (ATCX) does Marc Fogassa report owning?
Does the Series A Preferred affect Marc Fogassa's voting power in ATCX?
AI-generated analysis. How Rhea-AI works. Not financial advice.