5E Advanced Materials initial beneficial ownership filing lists Karnavati Holdings as 10% owner
Bitget2026/10/13 21:24- 5E Advanced Materials beneficial ownership filing shows Karnavati Holdings took 6,144,182 common shares on Oct. 1, 2026.
- Stake stems from a Sept. 14, 2026 asset purchase agreement tied to partial payment of DIP obligations.
- Nirma, via wholly owned subsidiary Karnavati, reported indirect beneficial ownership of the same 6,144,182 shares.
- Dr. Karsanbhai K. Patel also reported indirect beneficial ownership through Nirma, where he holds about 58.98% equity.
- Filing excludes 312,500 shares held back, with another 1,843,318 shares in escrow pending a mechanic’s lien resolution.
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