debt
confidence high
sentiment negative
materiality 0.60
ABAT amends convertible note terms; increases principal subject to higher conversion rate by $2M
AMERICAN BATTERY TECHNOLOGY Co
- Amendment increases principal convertible at 1,333.33 shares/$1,000 from $3M to $5M, reducing principal at lower rate accordingly.
- Total outstanding notes aggregate $12M principal; originally issued under August 2023 Securities Purchase Agreement.
- Conversion rate for remaining $7M unchanged at 945.0992 shares per $1,000.