secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001493152-24-050902
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

ABAT amends convertible note terms; increases principal subject to higher conversion rate by $2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224050902/0001493152-24-050902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224050902/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050902

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