Group 1 - American Battery Technology Company (ABTC) has entered into securities purchase agreements with two institutional investors for the purchase and sale of 3,773,586 shares of its common stock and warrants to purchase an aggregate of 3,773,586 shares in a registered direct offering [4] - The offering price is set at $2.65 per share, with the last closing market price being $2.60 per share, and the warrants have an exercise price of $2.80 per share, exercisable immediately and expiring five years from the initial exercise date [4] - The gross proceeds from the offering are expected to be approximately $10 million before deducting fees and expenses, with the closing anticipated around December 27, 2024, subject to customary closing conditions [1] Group 2 - A shelf registration statement relating to the offering was declared effective by the SEC on June 24, 2024, and the offering will be made only by means of a base prospectus and accompanying prospectus supplement [5] - American Battery Technology Company is focused on commercializing technologies for primary battery minerals manufacturing and secondary lithium-ion battery recycling, aiming to meet the demand from electric vehicles, stationary storage, and consumer electronics industries [6] - The company is committed to a circular supply chain for battery metals and is continuously innovating to support the global transition to electrification and sustainable energy [6]
$10M Registered Direct Offering Priced At-The-Market Under Nasdaq Rules