IBAT issues 34.3M units at $0.08/unit to insider, gross proceeds $2.8M

INTERNATIONAL BATTERY METALS LTD.

Issued 34,315,465 Units at USD $0.08 each for total gross proceeds of $2.8 million.
Each Unit consists of one common share and one warrant to buy one share at C$0.148 for four years.
Units sold to EV Metals 9 LLC, an affiliate of director Jacob Warnock, under a March 2025 LOI.
Jacob Warnock received a 5% structuring fee on the gross proceeds as per the LOI.
Units subject to four-month hold period in Canada and are restricted securities in the US.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

INTERNATIONAL BATTERY METALS LTD. issued 34,315,465 Units of unit to EV Metals 9 LLC for USD $0.08 per Unit, with total gross proceeds of USD $2.8 million.

Security: unit
Shares: 34,315,465 Units
Purchaser: EV Metals 9 LLC
Consideration: USD $0.08 per Unit, with total gross proceeds of USD $2.8 million

Exact text from the filing

("LOI") with EV Metals 7 LLC from March 2025. Each Unit includes one Company common share and one warrant (each, a "Warrant") to purchase one common share and is priced at USD $0.08 per Unit, with total gross proceeds of USD $2.8 million. Each Warrant entitles the holder to purchase one additional Company common share at a price of C$0.148 per share for a

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INTERNATIONAL BATTERY METALS LTD. filing history →

Source: SEC EDGAR

accession 0001193125-26-191655

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