secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001493152-23-030708
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ABTC secures up to $50M convertible note; terminates prior credit agreements
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/0001493152-23-030708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315223030708/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-030708

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