Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AMERICAN BATTERY MATERIALS, INC. terminated Agreement and Plan of Merger, as amended by Amendment No. 1 with Seaport Global Acquisition II Corp. valued at Termination of Agreement and Plan of Merger with Seaport Global Acquisition II Corp. (effective 2023-11-20).
- Action
- termination
- Agreement
- merger
- Counterparty
- Seaport Global Acquisition II Corp.
- Value
- Termination of Agreement and Plan of Merger with Seaport Global Acquisition II Corp.
- Effective
- 2023-11-20
Exact text from the filing
ITEM 1.02 TERMINATION OF MATERIAL DEFINITIVE AGREEMENT . As previously announced, on June 1, 2023, American Battery Materials, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger, as amended by Amendment No. 1 to Agreement and Plan of Merger dated as of July 14, 2023 (the “ Merger Agreement ”), by and among Seaport Global Acquisition II Corp., a Delaware corporation (“ SGII ”), SGII, Lithium Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of SGII (“ Merger Sub ”), and the Company. Pursuant to the Merger Agreement, Merger Sub was to merge with and into the Company, with the Company surviving the merger (the “ Merger ” and, together with the other transactions contemplated by the Merger Agreement, the “ Transactions ”). As a result of the Transactions, the Company would have become a wholly-owned subsidiary of SGII, with the stockholders of the Company becoming stockholders of SGII. On November 20, 2023, pursuant to Sections 8
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