Business Context and Reporting Period
Company: ATLAS CRITICAL MINERALS Corp (Republic of the Marshall Islands)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date of Report: December 4, 2025
Principal Office: Belo Horizonte, Minas Gerais, Brazil
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate action regarding capital structure.
Material Changes
- Reverse Stock Split: Effective December 3, 2025, the Company executed a 1-for-12 reverse stock split of its common stock.
- Share Count Reduction: Outstanding shares were reduced from 41,667,436 to approximately 3,472,339.
- Trading Symbol Update: Shares began trading on the OTCQB market under the symbol "JUPGD" on December 4, 2025. The symbol is scheduled to change to "JUPGF" after twenty business days.
- Authorized Shares: The number of authorized shares remains unchanged at 200,000,000.
- Convertible Securities: All outstanding convertible securities were adjusted on the same 1-for-12 ratio.
Guidance, Outlook, and Risks
Purpose: The reverse stock split was implemented to increase the per-share market price to satisfy Nasdaq Capital Market minimum bid price requirements for initial listing.
Risks and Contingencies:
- There is no guarantee the Company will meet Nasdaq minimum bid price requirements or any other initial listing requirements.
- Even if approved for listing, there is no assurance the Company can continue to comply with all applicable continued listing requirements.
Investor Verification Checklist
- Verify the current trading price under the new symbol "JUPGD" to assess if the minimum bid price requirement has been met.
- Confirm the timeline for the symbol change to "JUPGF" (20 business days post-split).
- Review the Amended and Restated Articles of Incorporation (Exhibit 1.1) for details on the adjusted capital structure.
- Check for any subsequent filings regarding the status of the Nasdaq listing application.