American Battery Technology issues $12M in senior secured convertible notes to High Trail Investments

AMERICAN BATTERY TECHNOLOGY Co

Aggregate principal $12M; purchase price at 82.5% of par, yielding net proceeds ~$9.9M.
Notes bear zero coupon, mature Sept 1, 2025, secured by real property, cash, and investment accounts.
Conversion rates: 1,333 shares per $1,000 on first $2M principal; 945 per $1,000 on remaining $10M.
Buyers may redeem up to $1M per month starting Jan 2025; conversion shares to be registered for resale.
A.G.P./Alliance Global Partners acted as sole placement agent; notes sold to accredited investors under Section 4(a)(2).

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