secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001493152-24-048035
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224048035/0001493152-24-048035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224048035/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer