other material
confidence high
sentiment neutral
materiality 0.70
American Battery Technology prices $10M registered direct offering of 3.77M shares and warrants at $2.65
AMERICAN BATTERY TECHNOLOGY Co
- Raises ~$10M gross from sale of 3,773,586 shares and 3,773,586 warrants to institutional investors.
- Combined offering price $2.65 per share + warrant, priced at-the-market under Nasdaq rules.
- Warrants exercisable at $2.80/share for 5 years; cashless exercise allowed; beneficial ownership limitation of 4.99%.
- Closing expected Dec 27, 2024; A.G.P./Alliance Global Partners acting as sole placement agent.
- Company agreed to 30-day lock on freely-tradable shares and 6-month ban on Variable Rate Transactions.