American Battery Technology Company Secures $5 Million Offering

American Battery Technology Company Secures Funding for Growth

American Battery Technology Company (NASDAQ: ABAT), an innovative enterprise focusing on the production and recycling of critical battery materials, has made a significant move by entering into securities purchase agreements. This step allows the company to raise a total of $5 million through the sale of 5 million shares of common stock, along with warrants for additional shares at a competitive pricing structure.

Details of the Offering

The registered direct offering is priced at $1.00 per share. Alongside each share, investors will receive a warrant to purchase up to one additional share at an exercise price of $1.10. These warrants will be immediately exercisable, adding to the appeal for both the current investors and potential stakeholders who are keen on maximizing their investment in battery technologies.

Projected Timeline for Closing

The closing of this strategic offering is expected to unfold shortly. With an anticipated completion date around December 23, the offering is subject to customary closing conditions, which signifies the company’s commitment to adhering to industry standards and ensuring a smooth transaction process.

Strategic Advisors Involved

A.G.P./Alliance Global Partners has been appointed as the exclusive placement agent for this offering. Their expertise and established network in the financial sector are positioned to enable American Battery Technology Company in successfully executing this capital raise.

Regulatory Framework

In line with financial regulations, a shelf registration statement on Form S-3 relating to this offering was declared effective by the Securities and Exchange Commission. This allows the company to proceed with the offering as planned, under the established legal frameworks that guide securities management.

Availability of Information

For those interested in accessing detailed information about this offering, a prospectus supplement will be filed with the SEC. Investors can review this information on the SEC’s website, which is a reliable source for securities filings and disclosures.

Commitment to Innovation in Battery Technology

American Battery Technology Company is breaking new ground in the critical battery metals sector. With a commitment to sustainability, the company focuses on both primary battery mineral manufacturing and the recycling of lithium-ion batteries. This dual approach addresses the growing demand from various sectors, including the electric vehicle market and consumer electronics, while promoting a circular supply chain ethos.

Looking Ahead

The steps taken by American Battery Technology Company are not just about immediate financial gain but are also aimed at ensuring long-term resilience and sustainability in the evolving energy sector. By investing in technology that enables the production and recycling of battery metals, the company is ideally positioned to play a significant role in the transition towards electric mobility and sustainable energy solutions.

Frequently Asked Questions

What is the purpose of the $5 million offering?

The funding aims to support American Battery Technology Company's innovative battery materials technologies and contribute to their growth strategy.

Who is handling the offering?

A.G.P./Alliance Global Partners is serving as the sole placement agent for this offering.

How does this offering fit into the company's long-term goals?

This capital raise is crucial for American Battery Technology Company as it seeks to establish a circular supply chain for battery metals needed for various industries.

Can investors purchase warrants?

Yes, the offering includes warrants for the purchase of additional shares, which can be an attractive option for investors.

Where can I find more information regarding the offering?

Details about the offering, including a prospectus supplement, will be available on the SEC’s website once filed.

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