ABM and SGII amend merger: consideration cut to $120M, termination extended to Feb 2024

AMERICAN BATTERY MATERIALS, INC.

Merger consideration reduced from $160M to $120M; termination date extended from Aug 19, 2023 to Feb 19, 2024.
ABM must fund monthly contributions to SGII trust of $0.015/share starting Aug 18, 2023, up to six months.
If ABM fails to contribute, SGII sponsor may cover shortfall; ABM to issue shares worth 2x shortfall to sponsor.
Amendment modifies the Merger Agreement signed June 1, 2023; other terms remain unchanged.

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