secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001493152-24-037694
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224037694/0001493152-24-037694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224037694/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037694

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