Form 8-K - Current report
2024年11月15日 - 10:30PM
Edgar (US Regulatory)
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2024-11-13
2024-11-13
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): November 13, 2024
AMERICAN
BATTERY TECHNOLOGY COMPANY |
(Exact
name of registrant as specified in its charter) |
Nevada
|
|
001-41811
|
|
33-1227980 |
(State
or other jurisdiction of |
|
(Commission |
|
(IRS
Employer |
incorporation
or organization) |
|
File
No.) |
|
Identification
Number) |
100
Washington Street, Suite 100
Reno,
NV |
|
89503
|
(Address
of principal executive offices) |
|
(Zip
Code) |
(775)
473-4744
(Registrant’s
telephone number including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Common
Stock, $0.001 par value |
|
ABAT |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. |
Entry into a Material Definitive Agreement. |
On
November 14, 2024, American Battery Technology Company (the “Company”) agreed to issue to High Trail Investments ON
LLC and High Trail Special Situations LLC (collectively, the “Buyers”) senior secured convertible notes in the aggregate
principal amount of $12,000,000 (the “Notes”). The Notes will be governed by the terms of the existing securities purchase
agreement between the parties (the “Purchase Agreement”) dated August 29, 2023, as amended on November 14, 2024 to take into
account the terms of the new Notes, which include changes to, among other things, the interest rate, initial conversion rate, collateral,
prepayment events, covenants and liquidity requirements. The purchase price for the Notes is the principal amount multiplied by
the purchase price ratio of 0.825. Buyers may request partial redemptions of up to an aggregate amount of $1,000,000 on the first calendar
day of each month beginning on January 1, 2025 or may convert the Notes into shares of common stock of the Company (the “Conversion
Shares”) at a conversion rate of (i) 1,333.33 Conversion Shares per $1,000 principal amount of Notes with respect to $2,000,000
of principal and (ii) 945.0992 Conversion Shares per $1,000 principal amount of Notes with respect to the remaining outstanding
principal amount of the Notes. The Notes bear zero coupon, mature on September 1, 2025, and are secured by certain real property, cash
and investment accounts of the Company. This summary of the terms of the Notes is qualified entirely by reference to the Notes and the
amendment to the Purchase Agreement, copies of which will be filed with the Commission as exhibits to the Company’s Quarterly Report
on Form 10-Q for the quarter ending December 31, 2024.
A.G.P./Alliance
Global Partners acted as sole placement agent for the financing.
Item 2.03 |
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The
information contained under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
Item 3.02. |
Unregistered
Sales of Equity Securities. |
The information set forth under Item 1.01 of this
Current Report on Form 8-K is incorporated by reference in this Item 3.02. The Company anticipates that it will offer and sell the Notes
to the Buyers, who are accredited investors, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities
Act of 1933, as amended (the “Securities Act”). Neither the Notes nor the Conversion Shares will be registered under the Securities
Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The Company has agreed to register the Conversion Shares for resale.
Exhibit
No. |
|
Description |
104 |
|
Cover
Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
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 15, 2024 |
By: |
/s/
Ryan Melsert |
|
|
Ryan
Melsert |
|
|
Chief
Executive Officer |
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