secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY MATERIALS, INC. (BLTH)
CIK:        0001487718
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001213900-23-080516
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Battery Materials amends $1.55M convertible notes, issues $450K new notes tied to Seaport merger
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- Amended convertible notes with five holders totaling $1.55M; conversions delayed until after Seaport merger or six months.
- Issued 15.6M shares as consideration for amendments; additional shares may be issued if merger valuation lower.
- Issued new $450K convertible notes to two investors; 7.5% interest, discount conversion tied to uplist trigger.
- Issued 4.5M shares to note purchasers; voluntary conversion after 180 days at 65% of VWAP.
- All transactions support proposed merger with Seaport Global Acquisition II Corp. (SGII).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487718/000121390023080516/0001213900-23-080516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487718/000121390023080516/ea186019-8k425_ameribatt.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-080516

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