---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-045390"
form_type: "8-K"
ticker: "BLTH"
cik: "0001487718"
company_name: "AMERICAN BATTERY MATERIALS, INC."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:08:03.550420+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# American Battery Materials to merge with SPAC Seaport Global Acquisition II in $160M deal

## Summary
- ABM enters merger agreement with SGII (NASDAQ: SGII) at $160M implied enterprise value; ABM becomes wholly-owned subsidiary.
- ABM stockholders receive SGII shares based on exchange ratio; deal expected to close in 2023 subject to approvals.
- SGII enters $43M Prepaid Forward Purchase Agreement with Meteora to backstop redemptions; up to 4.2M shares purchased at Redemption Price.
- ABM stockholders holding >60% of shares approve merger via written consent on May 31, 2023; all covenants and conditions apply.
- Conditions include SGII having ≥$5M net tangible assets post-redemptions and ABM ≥$20M available cash at closing.

## SEC filing metadata
- accession: 0001213900-23-045390
- form_type: 8-K
- ticker: BLTH
- cik: 0001487718
- company_name: AMERICAN BATTERY MATERIALS, INC.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.07, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487718/000121390023045390/0001213900-23-045390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487718/000121390023045390/ea179613-8k425_american.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-045390
- JSON: https://secwatch.observer/filing/0001213900-23-045390.json
- Plain text: https://secwatch.observer/filing/0001213900-23-045390.txt

## Key facts
- Material Agreements
  AMERICAN BATTERY MATERIALS, INC. entered into Agreement and Plan of Merger with Seaport Global Acquisition II Corp. valued at $160,000,000 (effective 2023-06-01).
  - Action: entry
  - Agreement: merger
  - Counterparty: Seaport Global Acquisition II Corp.
  - Value: $160,000,000
  - Effective: 2023-06-01
  source text: On June 01, 2023, American Battery Materials, Inc., a Delaware corporation (“ ABM ”, or the “ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among Seaport Global Acquisition II Corp., a Delaware corporation (NASDAQ: SGII) (“ SGII ”), and Lithium Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of SGII (“ Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487718/000121390023045390/0001213900-23-045390-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.