ATLAS CRITICAL MINERALS (ATCX) CEO Marc Fogassa discloses sizable share ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ATLAS CRITICAL MINERALS Corp insider Marc Fogassa has filed an initial ownership report detailing his equity stake. As Chairman, CEO and a more than ten percent owner, he reports beneficial ownership that includes 1,225,938 shares of Common Stock and one share of Series A Convertible Preferred Stock, which is convertible at any time into one share of Common Stock at his election. He also indirectly holds 681 shares of Common Stock through his SEP IRA. This Form 3 does not show new buying or selling activity, but establishes his current direct and indirect holdings in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fogassa Marc
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,225,939 shares (Direct);
Common Stock — 681 shares (Indirect, See footnote)
Footnotes (1)
- Includes 1,225,938 shares of Common Stock and one share of Series A Convertible Preferred Stock that is convertible at any time into one share of Common Stock at the election of the Reporting Person. Shares held by Reporting Person's SEP IRA.
FAQ
What does Marc Fogassa’s Form 3 filing show for ATCX?
The Form 3 shows Marc Fogassa’s initial beneficial ownership in ATLAS CRITICAL MINERALS Corp, including substantial Common Stock and a convertible preferred share, plus additional shares held indirectly. It records his starting equity position as a key insider and major shareholder.
What is the Series A Convertible Preferred Stock mentioned for ATCX?
The filing notes one share of Series A Convertible Preferred Stock that can be converted at any time into one share of ATLAS CRITICAL MINERALS Common Stock at Marc Fogassa’s election. This adds a small, flexible convertible component to his overall equity position.
Does the ATCX Form 3 show any insider buying or selling?
The Form 3 does not report any insider buying or selling transactions. It is an initial ownership statement that simply lists Marc Fogassa’s existing direct and indirect holdings in ATLAS CRITICAL MINERALS, rather than documenting new trades or changes in position.
What indirect ATCX holdings does Marc Fogassa report?
Marc Fogassa reports indirect ownership of 681 ATLAS CRITICAL MINERALS Common shares held through his SEP IRA. This indirect position is separate from his larger direct holdings and is disclosed to give a complete picture of his beneficial ownership exposure.
Why is Marc Fogassa considered a more than ten percent owner of ATCX?
He is identified as a more than ten percent owner because his reported beneficial holdings exceed that threshold. The combination of his large Common Stock position and the convertible preferred share indicates significant ownership influence within ATLAS CRITICAL MINERALS Corp’s shareholder base.