Loan & DebtOct 13, 2026, 04:11 PM
AMERICAN BATTERY MATERIALS Extends Note Maturities, Contingent Share Issuance
AI Summary
AMERICAN BATTERY MATERIALS, INC. has amended outstanding promissory notes and convertible notes, extending the maturity date to November 30, 2026. If the company fails to uplist to NYSE American by this date, the principal amount due will increase by 15% ($1,489,217), and 779,901 shares of Common Stock will be issued as commitment shares. These shares will be issued in a private placement exempt from registration.
Key Highlights
- Maturity date of outstanding promissory notes and convertible notes extended to November 30, 2026.
- Principal amount due on notes to increase by 15% ($1,489,217) if NYSE American uplist is not consummated by November 30, 2026.
- Contingent issuance of 779,901 shares of Common Stock if NYSE American uplist is not consummated by November 30, 2026.
- Commitment Shares issued in a private placement exempt from registration under Section 4(a)(2) of the Securities Act.
Price Impact
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