American Battery Tech Files 8-K on Agreements and Equity Sales
Ticker: ABAT · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1576873
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
Related Tickers: ABTC
TL;DR
ABTC filed an 8-K detailing new agreements, financial obligations, and equity sales.
AI Summary
On November 26, 2024, American Battery Technology Company entered into a material definitive agreement, likely related to financing or operations, as indicated by the filing of an 8-K. The company also reported on the creation of a direct financial obligation and unregistered sales of equity securities, suggesting potential capital raising activities or debt issuance.
Why It Matters
This filing indicates potential new financial obligations and equity transactions for American Battery Technology Company, which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, financial obligations, and unregistered equity sales, which can introduce financial risks and uncertainties.
Key Players & Entities
- AMERICAN BATTERY TECHNOLOGY COMPANY (company) — Registrant
- November 26, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 001-41811 (identifier) — SEC File Number
FAQ
What is the nature of the material definitive agreement entered into by American Battery Technology Company on November 26, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details are not provided in the summary text.
What type of direct financial obligation was created by American Battery Technology Company?
The filing states the creation of a direct financial obligation, but the specific terms and amount are not detailed in the provided text.
What were the circumstances surrounding the unregistered sales of equity securities?
The filing reports unregistered sales of equity securities, but the details regarding the number of shares, price, or purchasers are not specified in the summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on November 26, 2024.
What is the primary business sector of American Battery Technology Company based on its SIC code?
American Battery Technology Company's Standard Industrial Classification (SIC) code is 1400, which corresponds to Mining, Quarrying of Nonmetallic Minerals (No Fuels).
Filing Stats: 857 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-11-27 17:00:19
Key Financial Figures
- $0.001 — nge on Which Registered Common Stock, $0.001 par value ABAT The Nasdaq Stock Mar
- $12,000,000 — es in the aggregate principal amount of $12,000,000 (the "Notes"). The Notes are governed b
- $1,000,000 — mptions of up to an aggregate amount of $1,000,000 on the first calendar day of each month
- $1,000 — e of (i) 1,333.33 Conversion Shares per $1,000 principal amount of Notes with respect
- $3,000,000 — incipal amount of Notes with respect to $3,000,000 of principal and (ii) 945.0992 Conversi
Filing Documents
- form8-k.htm (8-K) — 44KB
- 0001493152-24-048035.txt ( ) — 217KB
- abat-20241126.xsd (EX-101.SCH) — 3KB
- abat-20241126_lab.xml (EX-101.LAB) — 33KB
- abat-20241126_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN BATTERY TECHNOLOGY COMPANY Date: November 27, 2024 By: /s/ Ryan Melsert Ryan Melsert Chief Executive Officer