ABML raises $10M in registered direct offering of shares and warrants

AMERICAN BATTERY TECHNOLOGY Co

Sold 14,285,715 shares plus Series A/B warrants at $0.70 combined; gross proceeds $10M.
Series A warrants exercisable at $0.80, 5-year term; Series B at $0.70, 18-month term.
Net proceeds for working capital and to finalize purchase of commercial-scale battery recycling facility in TRIC, Nevada.
H.C. Wainwright acted as placement agent; receives 7.5% cash fee plus warrants to purchase 857,143 shares at $0.875.
Offering closed March 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN BATTERY TECHNOLOGY Co entered into Purchase Agreement with an institutional accredited investor valued at approximately $10 million (effective 2023-03-29).

Action: entry
Agreement: equity purchase
Counterparty: an institutional accredited investor
Value: approximately $10 million
Effective: 2023-03-29

Exact text from the filing

On March 29, 2023, American Battery Technology Company (the “Company”) entered into a securities purchase agreement (“Purchase Agreement”) with an institutional accredited investor (the “Purchaser”) for the purchase and sale of an aggregate of (i) 14,285,715 shares of the Company’s common stock, par value $0.001 per share (“Shares”), (ii) Series A warrants to purchase up to 14,285,715 shares of common stock (the “Series A Warrants”), and (iii) Series B warrants to purchase up to 14,285,715 shares of common (the “Series B Warrants”, and collectively with the Series A Warrants, the “Warrants”) in a registered direct offering at a combined purchase price of $0.70 per Share and accompanying Warrants.

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233 material agreements filed in the last 30 days. Browse all material agreements →

AMERICAN BATTERY TECHNOLOGY Co filing history →

Source: SEC EDGAR

accession 0001493152-23-010844

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