secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001493152-24-046181
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224046181/0001493152-24-046181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224046181/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046181

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