AESI New Atlas Holdco Inc

As filed with the Securities and Exchange Commission on October 3, 2023

Registration No. 333-    

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Post-Effective Amendment No. 1

to

Form S-8

Registration Statement No. 333-270507

UNDER

THE SECURITIES ACT OF 1933

ATLAS ENERGY SOLUTIONS INC.

(Exact name of registrant as specified in its charter)

ATLAS ENERGY SOLUTIONS INC.

LONG TERM INCENTIVE PLAN

(Full title of the plan)

John Turner

President and Chief Financial Officer

5918 W. Courtyard Drive, Suite 500

Austin, Texas 78730

(Name and address of agent for service)

(512) 220-1200

(Telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the “Securities Act”). ☐

EXPLANATORY NOTE

This Post-Effective Amendment (this “Amendment”) is being filed pursuant to Rule 414(d) under the Securities Act of 1933, as amended (the “Securities Act”), by Atlas Energy Solutions Inc., a Delaware corporation (the “Registrant”). The Registrant was initially named “New Atlas Holdco Inc.” at the time of its formation in 2023. As part of an internal reorganization of the Registrant’s predecessor entity, which was named Atlas Energy Solutions Inc. (the “Predecessor”), the Registrant replaced the Predecessor as the new publicly-traded company on the New York Stock Exchange (the “Reorganization”) pursuant to that certain master reorganization agreement, dated as of July 31, 2023 (the “MRA”), the closing of which occurred on October 2, 2023. In connection with the Reorganization, the Registrant also changed its name from New Atlas Holdco Inc. to Atlas Energy Solutions Inc.

As a result of the Reorganization, each of the issued and outstanding shares of Class A common stock, par value $0.01 per share (the “Existing Class A Shares”), of the Predecessor was exchanged for one share of the Registrant’s common stock, par value $0.01 per share (the “Common Stock”) and the holders of Existing Class A Shares at such time became stockholders of the Registrant.

In connection with the closing of the Reorganization, the Registrant assumed from the Predecessor: (i) the Atlas Energy Solutions Inc. Long Term Incentive Plan (the “Plan”), (ii) all awards of restricted stock units and performance share units, in each case, whether vested or unvested, that were then outstanding under the Plan, (iii) the grant notices and agreements evidencing such awards, and (iv) the then remaining unallocated share reserve issuable under the Plan. The material terms and conditions of the Plan and each outstanding award that were in effect immediately prior to the Reorganization will continue in full force and effect after the Reorganization, with certain administrative changes to reflect the completion of the Reorganization (such as each award being denominated with reference to shares of the Registrant’s Common Stock instead of Existing Class A Shares).

The Registrant is filing this Amendment solely to update the registration statement on Form S-8 (Registration No. 333-270507) previously filed with the Securities and Exchange Commission (the “Commission”) by Predecessor on March 13, 2023 (the “Original Registration Statement”), as a result of the Reorganization. In accordance with Rule 414(d) under the Securities Act, except as modified by this Amendment, the Registrant, now as successor to the Predecessor pursuant to Rule 12g-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), hereby expressly adopts the Original Registration Statement as its own registration statement for all purposes of the Securities Act and the Exchange Act, as updated by subsequent filings under the Exchange Act. This Amendment constitutes Post-Effective Amendment No. 1 to the Original Registration Statement.

Unless the context otherwise requires or otherwise expressly stated, all references herein to “Registrant,” “we,” “us” and “our” (i) for periods prior to the completion of the Reorganization, refer to the Predecessor and its consolidated subsidiaries and (ii) for periods after the completion of the Reorganization, refer to the Registrant and its consolidated subsidiaries.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, the following documents have been filed by the Registrant with the Commission and are incorporated by reference into this Registration Statement and will be deemed to be a part hereof:

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Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Not applicable.

Not applicable.

Subsection (a) of Section 145 of the General Corporation Law of the State of Delaware (the “DGCL”) empowers a corporation to indemnify any person who was or is a party or who is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person’s conduct was unlawful.

Subsection (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person acted in any of the capacities set forth above, against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

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Section 145 further provides that to the extent a director or officer of a corporation has been successful on the merits or otherwise in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection therewith; that indemnification provided for by Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled; and the indemnification provided for by Section 145 shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person’s heirs, executors and administrators. Section 145 also empowers the corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of his status as such, whether or not the corporation would have the power to indemnify such person against such liabilities under Section 145.

Section 102(b)(7) of the DGCL provides that a corporation’s certificate of incorporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of the director’s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL or (iv) for any transaction from which the director derived an improper personal benefit.

The Company’s amended and restated certificate of incorporation provides for indemnification of its directors, officers, employees and other agents to the maximum extent permitted by the DGCL, and the Company’s amended and restated bylaws provide for indemnification of its directors, officers, employees and other agents to the maximum extent permitted by the DGCL.

In addition, the Company has entered into indemnification agreements with each of its directors and officers. These agreements require the Company to indemnify these individuals to the fullest extent permitted under Delaware law against liabilities that may arise by reason of their service to the Company, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. The Company also intends to enter into indemnification agreements with its future directors and officers.

The Company maintains liability insurance policies that indemnify its directors and officers against various liabilities, including certain liabilities arising under the Securities Act and the Exchange Act, which may be incurred by them in their capacity as such.

The Company entered into an underwriting agreement in connection with its initial public offering, which provides for indemnification of its directors and officers by the underwriters against certain liabilities arising under the Securities Act or otherwise in connection with such offering.

Not applicable.

The exhibits to this Registration Statement are listed in the Exhibit Index to this Registration Statement, which precedes such exhibits and is incorporated herein by reference.

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provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

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EXHIBIT INDEX

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SIGNATURES

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment No. 1 to the Original Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Austin, State of Texas, on October 3, 2023.

POWER OF ATTORNEY

Pursuant to the requirements of the Securities Act, this Post-Effective Amendment No. 1 to the Original Registration Statement has been signed by the following persons in the capacities indicated on October 3, 2023, each person whose signature appears below appoints John Turner and Dathan C. Voelter, and each of them, any of whom may act without the joinder of the other, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Post-Effective Amendment No. 1 to the Original Registration Statement, and any additional registration statement (including any amendment thereto) for this offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or would do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

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8

Exhibit 5.1

October 3, 2023

Atlas Energy Solutions, Inc.

5918 W. Courtyard Drive, Suite 500

Austin, Texas 78730

Ladies and Gentlemen:

We have acted as counsel for Atlas Energy Solutions, Inc., a Delaware corporation (the “Company”), as successor to Atlas Energy Solutions, Inc. (“Predecessor Atlas”) in connection with the Company’s filing with the Securities and Exchange Commission (the “SEC”) of the Post-Effective Amendment No. 1 to Registration Statement on Form S-8 (File No. 333-270507) (the “Post-Effective Amendment”) under the Securities Act of 1933, as amended (the “Act”), with respect to the Reorganization (as defined below).

As part of an internal reorganization of Predecessor Atlas, the Company replaced the predecessor entity as the new publicly-traded company on the New York Stock Exchange (the “Reorganization”) pursuant to that certain master reorganization agreement, dated as of July 31, 2023 (the “MRA”), the closing of which occurred on October 2, 2023. As a result of the Reorganization, each of the issued and outstanding Class A Common Stock, par value $0.01 per share, of the Company’s predecessor entity was exchanged for one share of the Company’s Common Stock and the holders of Existing Class A Shares at such time became stockholders of the Company. In connection with the Reorganization, the Company assumed and adopted the Atlas Energy Solutions Inc. Long Term Incentive Plan (the “Plan”) and outstanding awards thereunder and as a result, shares of Company Common Stock (the “Shares”) are issuable pursuant thereto.

In reaching the opinions set forth herein, we have examined and are familiar with originals or copies, certified or otherwise identified to our satisfaction, of such documents and records of the Company and such statutes, regulations and other instruments as we deemed necessary or advisable for purposes of this opinion, including (i) the Post-Effective Amendment, (ii) certain resolutions adopted by the board of directors of the Company, (iii) the Plan, and (iv) such other certificates, instruments, and documents as we have considered necessary for purposes of this opinion. As to any facts material to our opinions, we have made no independent investigation or verification of such facts and have relied, to the extent that we deem such reliance proper, upon certificates of public officials and officers or other representatives of the Company.

We have assumed (i) the legal capacity of all natural persons, (ii) the genuineness of all signatures, (iii) the authority of all persons signing all documents submitted to us on behalf of the parties to such documents, (iv) the authenticity of all documents submitted to us as originals, (v) the conformity to authentic original documents of all documents submitted to us as copies, (vi) that all information contained in all documents reviewed by us is true, correct and complete, and (vii) that the Shares will be issued in accordance with the terms of the Plan.

		Atlas Energy Solutions, Inc. October 3, 2023 Page 2

Based on the foregoing and subject to the limitations set forth herein, and having due regard for the legal considerations we deem relevant, we are of the opinion that the Shares have been duly authorized and, when the Shares are issued by the Company in accordance with the terms of the Plan and the instruments executed pursuant to the Plan, as applicable, the Shares will be validly issued, fully paid and non-assessable.

This opinion is limited in all respects to the General Corporation Law of the State of Delaware. We express no opinion as to any other law or any matter other than as expressly set forth above, and no opinion as to any other law or matter may be inferred or implied herefrom. The opinions expressed herein are rendered as of the date hereof and we expressly disclaim any obligation to update this letter or advise you of any change in any matter after the date hereof.

This opinion may be filed as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Act.

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Post-Effective Amendment No. 1 to the Registration Statement (Form S-8) pertaining to the Atlas Energy Solutions Inc. Long Term Incentive Plan of our report dated February 15, 2023, with respect to the balance sheets of Atlas Energy Solutions Inc. included in the Prospectus of Atlas Energy Solutions Inc. (f/k/a New Atlas HoldCo Inc.) filed pursuant to Rule 424(b) under the Securities Act filed with the Securities and Exchange Commission on September 12, 2023, relating to the Registration Statement on Form S-4 (File No. 333-273585) of Atlas Energy Solutions Inc. for the registration of its common stock originally filed with the Securities and Exchange Commission on August 1, 2023 (as amended, including all exhibits).

/s/ Ernst & Young LLP

Austin, Texas

October 3, 2023

Exhibit 23.2

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Post-Effective Amendment No. 1 to the Registration Statement (Form S-8) pertaining to the Atlas Energy Solutions Inc. Long Term Incentive Plan of our report dated February 15, 2023, with respect to the consolidated financial statements of Atlas Sand Company, LLC included in the Prospectus of Atlas Energy Solutions Inc. (f/k/a New Atlas HoldCo Inc.) filed pursuant to Rule 424(b) under the Securities Act filed with the Securities and Exchange Commission on September 12, 2023, relating to the Registration Statement on Form S-4 (File No. 333-273585) of Atlas Energy Solutions Inc. for the registration of its common stock originally filed with the Securities and Exchange Commission on August 1, 2023 (as amended, including all exhibits).

/s/ Ernst & Young LLP

Austin, Texas

October 3, 2023

Exhibit 23.3

		John T. Boyd Company Mining and Geological Consultants

October 3, 2023

File: 3871.006

Atlas Energy Solutions Inc.

5918 W. Courtyard Drive, Suite 500

Austin, TX 78730

Subject: Consent to be Named in Registration Statement

Ladies and Gentlemen:

The undersigned hereby consents to the references to our firm in the form and context in which they appear in this Post-Effective Amendment No. 1 to the Registration Statement of Atlas Energy Solutions Inc. (f/k/a New Atlas HoldCo Inc.) on Form S-8 (File No. 333-270507), including any amendment thereto, any related prospectus and any related prospectus supplement (the “Registration Statement”). We hereby further consent to (i) the use in such Registration Statement of information contained in our reports setting forth the estimates of reserves of AESI Holdings Inc. (f/k/a Atlas Energy Solutions Inc.) as of December 31, 2022 and 2021 and (ii) the reference to us under the heading “Experts” in such Registration Statement.

Respectfully submitted,

 

JOHN T. BOYD COMPANY
By:
Ronald L. Lewis Managing Director & COO