ABAT issues $12M senior secured convertible notes at 82.5% of par due Sept 2025

AMERICAN BATTERY TECHNOLOGY Co

Principal $12M, purchase price 82.5% (net ~$9.9M), zero-coupon, matures Sept 1, 2025.
Convertible: $3M at 1,333.33 shares/$1k; remaining $9M at 945.1 shares/$1k.
Secured by real property, cash, and investment accounts.
Buyers waived certain existing default events under August 2023 purchase agreement.
Buyers can request monthly redemptions up to $1M starting Jan 1, 2025.

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