5E Advanced Materials, Inc. is contemplating filing for bankruptcy, as of December 5, 2023. According to company press release, 5E Advanced Materials, Inc.entered into a Restructuring Support Agreement with Bluescape, Collateral Agent, and Ascend. If the conditions precedent to the Out of Court Restructuring cannot be timely satisfied, including approval by the stockholders of certain proposals the company will implement the restructuring through bankruptcy in a Pre-Packaged Chapter 11 Plan.