American Battery Technology amends LiNiCo asset purchase; enters $15M sale-leaseback for recycling facility

AMERICAN BATTERY TECHNOLOGY Co

Amended purchase agreement: $1M due May 12, $2M by May 26, plus additional 1M shares (total 11M common shares).
Sale-leaseback with Bow River Capital: $15M purchase price, 5-year repurchase option, ~$1.4M/yr lease for 15 years.
Closing conditioned on affiliate receiving at least $6.6M net proceeds from resale of issued shares.
Shares issued under Section 4(a)(2) exemption to accredited investor; expected close subject to Bow River due diligence.

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 and Sale Agreement with Bow River Capital RE III LLC valued at aggregate purchase price of $15.0 million (effective 2023-05-12).

Action: entry
Agreement: lease
Counterparty: Bow River Capital RE III LLC
Value: aggregate purchase price of $15.0 million
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, contemporaneously with the Amendment, the Company entered into a separate contingent sales-leaseback arrangement embodied in the Purchase and Sale Agreement (the “Sale-Leaseback”) with Bow River Capital RE III LLC to purchase the property for an aggregate purchase price of $15.0 million

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

AMERICAN BATTERY TECHNOLOGY Co amended First Amendment to Second Amended and Restated Membership Interest Purchase Agreement with LiNiCo Corporation valued at $3.0 million (effective 2023-05-12).

Action: amendment
Agreement: asset purchase
Counterparty: LiNiCo Corporation
Value: $3.0 million
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, the Company entered into the First Amendment to Second Amended and Restated Membership Interest Purchase Agreement (the “Amendment”), which amended the Agreements, for the purchase of the Recycling Facility.

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Source: SEC EDGAR

accession 0001493152-23-017932

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