American Battery Technology amends recycling facility acquisition, eliminates $1.5M escrow

AMERICAN BATTERY TECHNOLOGY Co

Entered Third Amended and Restated Membership Interest Purchase Agreement on June 30, 2023 for the recycling facility.
Removed $1.5M escrow for indemnification; 1,923,077 shares returned to the Company.
Added purchase price adjustment if share value on test date is below $6M; interim water rights agreement included.
Closing date advanced to after effectiveness of resale S-3 registration; June 30, 2023 deadline removed.

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 amended Third Amended and Restated Membership Interest Purchase Agreement with LiNiCo Corporation (effective 2023-06-30).

Action: amendment
Agreement: asset purchase
Counterparty: LiNiCo Corporation
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, the Company and Seller entered into the Third Amended and Restated Membership Interest Purchase Agreement (the “Amended Agreement”) to acquire the Recycling Facility.

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Source: SEC EDGAR

accession 0001493152-23-023935

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