other material
confidence high
sentiment neutral
materiality 0.50
American Battery Technology announces $5M registered direct offering of 5M shares + warrants at $1.00/unit
AMERICAN BATTERY TECHNOLOGY Co
- Offering of 5,000,000 common shares and warrants to purchase 5,000,000 shares at combined price of $1.00 per unit.
- Gross proceeds ~$5M before fees and required 20% excess cash payment to certain debtholders.
- Warrants exercisable at $1.10/share, immediately exercisable, expire in 5 years.
- Closing expected December 23, 2024; A.G.P./Alliance Global Partners as placement agent.
- Offering via existing effective shelf registration statement (333-276329).