American Battery Materials to issue 779,901 shares if NYSE American uplist is missed
BLTH•American Battery Materials set a contingent private placement of 779,901 common shares if it fails to uplist to NYSE American by Nov. 30, 2026. The notes’ maturity was extended to that date, and principal will rise 15% if no uplist occurs.
1. Contingent share issuance
American Battery Materials amended promissory and convertible notes to provide for a private placement of 779,901 common shares if the company fails to uplist to NYSE American by Nov. 30, 2026. The notes’ maturity was extended to that date, and principal is set to rise 15% if the uplist does not occur. The unregistered sale would be exempt under Securities Act Section 4(a)(2) or Regulation D.
