American Battery Materials Files S-1/A Amendment
Ticker: BLTH · Form: S-1/A · Filed: Aug 12, 2024 · CIK: 1487718
Sentiment: neutral
Topics: amendment, mining, financials
TL;DR
ABM filed an S-1/A, updating financials for its mining ops. Check it out.
AI Summary
American Battery Materials, Inc. filed an S-1/A amendment on August 12, 2024, detailing its business operations in mining and non-metallic minerals. The company, formerly known by names including Boxscore Brands, Inc., is incorporated in Delaware and headquartered in Greenwich, CT. The filing covers financial periods up to March 31, 2024.
Why It Matters
This S-1/A filing provides updated information for investors and the public regarding American Battery Materials, Inc.'s financial status and business activities, crucial for understanding its current market position and future prospects.
Risk Assessment
Risk Level: medium — As a mining and non-metallic minerals company with a history of name changes, the S-1/A filing suggests ongoing corporate activity and potential shifts that warrant investor scrutiny.
Key Numbers
- 2024-03-31 — Reporting Period End (Latest financial data available in the filing.)
- 2023-12-31 — Previous Fiscal Year End (Provides year-over-year comparison context.)
- 2022-12-31 — Prior Fiscal Year End (Offers a longer-term financial perspective.)
Key Players & Entities
- AMERICAN BATTERY MATERIALS, INC. (company) — Filer
- BOXSCORE BRANDS, INC. (company) — Former Company Name
- 20240812 (date) — Filing Date
- 0001487718 (company) — Central Index Key
- DE (jurisdiction) — State of Incorporation
- CT (state) — Business Address State
FAQ
What specific mining or non-metallic mineral assets does American Battery Materials, Inc. currently possess or operate?
The filing indicates the company's SIC code is 'MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]', but specific asset details are not provided in this excerpt.
What were the primary reasons for the company's previous name changes, such as from Boxscore Brands, Inc.?
The filing notes the name change from Boxscore Brands, Inc. on 20180301, but does not elaborate on the reasons for this or other prior name changes.
What is the total amount of preferred and common stock outstanding as of the latest reporting period?
The filing references 'us-gaap:PreferredStockMember' and 'us-gaap:CommonStockMember' for dates including 2023-12-31 and 2022-12-31, but specific share counts or values are not detailed in this summary.
What is the company's current financial performance, specifically revenue and net income, for the period ending March 31, 2024?
The filing includes financial reporting periods up to 2024-03-31, but the specific revenue and net income figures are not present in this provided text.
What is the company's stated strategy or outlook for its operations in the battery materials sector?
While the company name suggests a focus on battery materials, the provided filing excerpt categorizes its SIC code under general non-metallic minerals and does not detail specific strategies for the battery sector.
Filing Stats: 4,598 words · 18 min read · ~15 pages · Grade level 13.7 · Accepted 2024-08-12 17:19:53
Filing Documents
- forms-1a.htm (S-1/A) — 1898KB
- ex10-2.htm (EX-10.2) — 38KB
- ex23-1.htm (EX-23.1) — 4KB
- ex23-2.htm (EX-23.2) — 5KB
- forms-1a_001.jpg (GRAPHIC) — 6KB
- forms-1a_002.jpg (GRAPHIC) — 1143KB
- forms-1a_003.jpg (GRAPHIC) — 202KB
- forms-1a_004.jpg (GRAPHIC) — 288KB
- forms-1a_005.jpg (GRAPHIC) — 86KB
- forms-1a_006.jpg (GRAPHIC) — 52KB
- forms-1a_007.jpg (GRAPHIC) — 113KB
- forms-1a_008.jpg (GRAPHIC) — 124KB
- forms-1a_009.jpg (GRAPHIC) — 95KB
- forms-1a_010.jpg (GRAPHIC) — 4KB
- ex23-2_002.jpg (GRAPHIC) — 4KB
- ex23-2_001.jpg (GRAPHIC) — 6KB
- 0001493152-24-031370.txt ( ) — 11883KB
- blth-20240331.xsd (EX-101.SCH) — 34KB
- blth-20240331_cal.xml (EX-101.CAL) — 41KB
- blth-20240331_def.xml (EX-101.DEF) — 154KB
- blth-20240331_lab.xml (EX-101.LAB) — 308KB
- blth-20240331_pre.xml (EX-101.PRE) — 230KB
- forms-1a_htm.xml (XML) — 812KB
Underwriting
Underwriting discounts and commissions (1) $ $ Proceeds to us, before expenses $ $ (1)
Underwriting
Underwriting discounts and commissions do not include a non-accountable expense allowance equal to 1.0% of the public offering price payable to the underwriters. We refer you to "Underwriting" beginning on page 53 for additional information regarding underwriters' compensation. We have granted a 45-day option to the representative of the underwriters to purchase up to additional shares of our common stock, solely to cover over-allotments, if any, at the public offering price less underwriting discounts and commissions. The underwriters expect to deliver the shares of our common stock to purchasers on or about , 2024. ThinkEquity The date of this prospectus is , 2024 i ii iii American battery materials, INC. Table of Contents Page PROSPECTUS SUMMARY 1
RISK FACTORS
RISK FACTORS 14 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 23
USE OF PROCEEDS
USE OF PROCEEDS 24 DIVIDEND POLICY 25 CAPITALIZATION 26
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28
BUSINESS
BUSINESS 33 MANAGEMENT 43
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 46 PRINCIPAL STOCKHOLDERS 48 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 49
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 50 SHARES ELIGIBLE FOR FUTURE SALE 52
UNDERWRITING
UNDERWRITING 53 LEGAL MATTERS 61 EXPERTS 61 WHERE YOU CAN FIND MORE INFORMATION 61 INDEX TO FINANCIAL STATEMENTS F-1 iv About this Prospectus Neither we nor the underwriters have authorized anyone to provide any information or to make any representations other than those contained in this prospectus. We and the underwriters take no responsibility for and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the securities offered hereby and only under circumstances and in jurisdictions where it is lawful to do so. No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus. You should assume that the information appearing in this prospectus is accurate only as of the date on the front of this prospectus. Our business, financial condition, results of operations and prospects may have changed since that date. We are not and the underwriters are not, offering to sell or seeking offers to purchase these securities in any jurisdiction where the offer or sale is not permitted. We and the underwriters have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about and observe any restrictions relating to, the offering of the securities as to distribution of the prospectus outside of the United States. The industry and market data and certain other statistical information used throughout this prospectus are from our own research, surveys or studies conducted by third parties and industry or general publications. Industry publications and third-party research, surveys and studies generally indicate that their information has been obtained from sources