CEO Ryan Melsert buys Series D Preferred shares with super-voting rights to support share increase proposal

AMERICAN BATTERY TECHNOLOGY Co

CEO Ryan Melsert purchased 5 shares of Series D Preferred Stock for $100 total ($20/share) on Sept 16, 2024.
Each Series D share carries 12M votes, exercisable only on a proposal to increase authorized common shares.
Preferred shares are non-convertible, non-dividend, and redeemable for $100 at board's discretion or upon effectiveness of share increase.
The transaction grants Melsert voting power proportional to common stock votes on the share increase proposal at next annual meeting.
Shares were issued in a private placement exempt from registration under Section 4(a)(2).

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