American Battery Materials files amendment for 1-for-300 reverse stock split

AMERICAN BATTERY MATERIALS, INC.

Board unanimously approved 1-for-300 reverse stock split on August 1, 2023; certificate filed August 4, 2023.
Every 300 pre-split shares will combine into 1 share; par value unchanged; no fractional shares issued (round up).
Effectiveness contingent on FINRA instruction for allowance; new CUSIP number to be assigned.
Stockholders previously authorized reverse split ratio range of 1-for-10 to 1-for-1,000; Board selected 1-for-300.
Reverse split does not modify rights or preferences of common stock.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AMERICAN BATTERY MATERIALS, INC.: Filed certificate of amendment to Certificate of Incorporation to effect a 1-for-300 reverse stock split (effective 2023-08-04).

Change: charter amendment
Effective: 2023-08-04

Exact text from the filing

On August 4, 2023, American Battery Materials, Inc. (the " Company ") filed a certificate of amendment to its Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware (the " Amended Certificate "). The Amended Certificate is intended to effect a 1-for-300 reverse stock split of the Company’s shares of common stock (the " Reverse Stock Split ").

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Source: SEC EDGAR

accession 0001213900-23-064604

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