---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-030708"
form_type: "8-K"
ticker: "ABAT"
cik: "0001576873"
company_name: "AMERICAN BATTERY TECHNOLOGY Co"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:12:00.569477+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ABTC secures up to $50M convertible note; terminates prior credit agreements

## Summary
- Zero-coupon senior secured convertible notes, due Sept 1, 2025, convertible at 110% of recent sales price.
- Funds to advance commercial-scale battery recycling (DOE $20M grant match), primary lithium resource, and lithium-hydroxide refinery.
- Terminated existing credit agreement with Mercuria and sales-leaseback with Bow River without material penalties.
- Placement agent A.G.P./Alliance Global Partners; notes sold to accredited investor under Section 4(a)(2).

## SEC filing metadata
- accession: 0001493152-23-030708
- form_type: 8-K
- ticker: ABAT
- cik: 0001576873
- company_name: AMERICAN BATTERY TECHNOLOGY Co
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/0001493152-23-030708-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-030708
- JSON: https://secwatch.observer/filing/0001493152-23-030708.json
- Plain text: https://secwatch.observer/filing/0001493152-23-030708.txt

## Key facts
- Debt Financings
  AMERICAN BATTERY TECHNOLOGY Co incurred convertible notes of up to $51 million with an institutional investor at zero coupon maturing mature on September 1, 2025.
  - Instrument: convertible notes
  - Principal: up to $51 million
  - Counterparty: an institutional investor
  - Rate: zero coupon
  - Maturity: mature on September 1, 2025
  - Event: incurrence
  source text: the Company sold to the Buyers up to $51 million of a new series of senior secured convertible notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/0001493152-23-030708-index.htm
- Material Agreements
  AMERICAN BATTERY TECHNOLOGY Co terminated Credit Agreement with Mercuria Investments US, Inc. (effective 2023-08-30).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Mercuria Investments US, Inc.
  - Effective: 2023-08-30
  source text: On August 30, 2023, the Company caused the repayment in full of all indebtedness, liabilities and other obligations under, and terminated, the Credit Agreement, dated as of May 17, 2023 (the “Credit Agreement”), by and among the Company, as Borrower, the Several Lenders from time to time parties thereto and Mercuria Investments US, Inc., as Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/0001493152-23-030708-index.htm
- Material Agreements
  AMERICAN BATTERY TECHNOLOGY Co terminated a lease with Bow River Capital RE III LLC (effective 2023-08-25).
  - Action: termination
  - Agreement: lease
  - Counterparty: Bow River Capital RE III LLC
  - Effective: 2023-08-25
  source text: On August 25, 2023, the Company and Bow River Capital RE III LLC (“Bow River”) terminated the previously-announced contingent sales-leaseback arrangement, pursuant to which the Company would have sold certain real property to Bow River, while leasing the same property from Bow River and retaining an option to repurchase the property.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/0001493152-23-030708-index.htm
- Material Agreements
  AMERICAN BATTERY TECHNOLOGY Co entered into Securities Purchase Agreement with an institutional investor valued at up to $51 million (effective 2023-08-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an institutional investor
  - Value: up to $51 million
  - Effective: 2023-08-29
  source text: On August 29, 2023, American Battery Technology Company (the “Company”) and an institutional investor (collectively, the “Buyers”) entered into a Securities Purchase Agreement (the “Purchase Agreement”), pursuant to which the Company sold to the Buyers up to $51 million of a new series of senior secured convertible notes (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/0001493152-23-030708-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.