American Battery Technology Company Amends Securities Purchase Agreement

On December 20, 2024, American Battery Technology Company (OTCMKTS:ABML) announced the signing of an amendment (the “Amendment”) to its Securities Purchase Agreement, originally dated August 29, 2023, and previously amended on November 14, 2024. The agreement was made between the company, participating investors, and the Subsequently Purchased Notes, which were issued under Certificates Nos. A-3 and A-4.

The outstanding notes issued under the Purchase Agreement currently have a conversion rate of 1,333.33 shares of Common Stock (“Conversion Shares”) per $1,000 of principal amount of notes totaling $3,000,000 across the notes. Additionally, there is a conversion rate of 945.0992 Conversion Shares per $1,000 of principal amount of notes totaling $9,000,000.

With the recent Amendment, the company aims to increase the principal subject to the conversion rate of the first scenario to an aggregate of $5,000,000, consequently adjusting the principal amount subject to the conversion rate of the second scenario accordingly.

As per the requirements of the Securities Exchange Act of 1934, American Battery Technology Company, represented by Chief Executive Officer Ryan Melsert, has duly caused this report to be signed on December 20, 2024.

It is notable that American Battery Technology Company (ABML) trades its Common Stock with a par value of $0.001 on The Nasdaq Stock Market LLC. The company did not disclose any information regarding its status as an emerging growth company or its election to use the extended transition period for complying with new financial standards in the filed report.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read American Battery Technology’s 8K filing here.

About American Battery Technology

American Battery Technology Company, a battery materials company, engages in supplying battery metals. The company explores for resources of battery metals; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.