ABAT enters $50M ATM sales agreement with Virtu Americas LLC for common stock

AMERICAN BATTERY TECHNOLOGY Co

Company may sell up to $50M of common stock through agent Virtu Americas LLC at market prices.
Commission rate of up to 3.0% of gross proceeds; agent reimbursed up to $50K for fees and $60K expenses.
Sales may be made on Nasdaq under Rule 415; Company not obligated to sell any shares.
Agreement dated April 3, 2024; either party may terminate with 3 days' notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AMERICAN BATTERY TECHNOLOGY Co entered into ATM Sales Agreement with Virtu Americas LLC valued at up to $50,000,000 (effective 2024-04-03).

Action: entry
Agreement: atm program
Counterparty: Virtu Americas LLC
Value: up to $50,000,000
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, American Battery Technology Company (the “Company”) entered into an ATM Sales Agreement (the “Sales Agreement”) with Virtu Americas LLC (the “Sales Agent”), pursuant to which the Company may offer and sell, from time to time through the Sales Agent, shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price of up to $50,000,000, subject to the terms and conditions of the Sales Agreement.

View on SEC.gov

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

AMERICAN BATTERY TECHNOLOGY Co filing history →

Source: SEC EDGAR

accession 0001493152-24-013025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.