$10M Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
American Battery Technology Company (NASDAQ: ABAT) has announced a $10 million registered direct offering, selling 3,773,586 shares of common stock and warrants. The offering is priced at $2.65 per share and accompanying warrant, slightly above the last closing price of $2.60. The warrants, exercisable immediately with a $2.80 strike price, will expire in five years.
The transaction, expected to close around December 27, 2024, is being conducted through A.G.P./Alliance Global Partners as the sole placement agent. The offering is made under an effective S-3 shelf registration statement filed with the SEC in June 2024.
American Battery Technology Company (NASDAQ: ABAT) ha annunciato un'offerta diretta registrata di 10 milioni di dollari, vendendo 3.773.586 azioni ordinarie e warrant. L'offerta è fissata a 2,65 dollari per azione e warrant, leggermente sopra l'ultimo prezzo di chiusura di 2,60 dollari. I warrant, esercitabili immediatamente con un prezzo di esercizio di 2,80 dollari, scadranno tra cinque anni.
La transazione, che si prevede si chiuderà intorno al 27 dicembre 2024, è condotta attraverso A.G.P./Alliance Global Partners in qualità di unico agente di collocamento. L'offerta è effettuata sotto una dichiarazione di registrazione S-3 efficace depositata presso la SEC nel giugno 2024.
American Battery Technology Company (NASDAQ: ABAT) ha anunciado una oferta directa registrada de 10 millones de dólares, vendiendo 3,773,586 acciones ordinarias y warrants. La oferta tiene un precio de 2.65 dólares por acción y warrant, ligeramente por encima del último precio de cierre de 2.60 dólares. Los warrants, que son ejercitables inmediatamente con un precio de ejercicio de 2.80 dólares, expirarán en cinco años.
Se espera que la transacción cierre alrededor del 27 de diciembre de 2024, y se está llevando a cabo a través de A.G.P./Alliance Global Partners como el único agente de colocación. La oferta se realiza bajo una declaración de registro S-3 efectiva presentada a la SEC en junio de 2024.
아메리칸 배터리 테크놀로지 컴퍼니 (NASDAQ: ABAT)는 1천만 달러의 등록된 직접 제안을 발표하며 3,773,586주의 보통주와 워런트를 판매합니다. 제안 가격은 주당 및 워런트당 2.65달러로, 마지막 마감 가격 2.60달러보다 약간 높습니다. 워런트는 즉시 행사 가능하며 행사 가격은 2.80달러로, 5년 후에 만료됩니다.
이 거래는 2024년 12월 27일경에 마감될 것으로 예상되며 A.G.P./Alliance Global Partners를 통해 단독 배치 에이전트로 진행됩니다. 이 제안은 2024년 6월 SEC에 제출된 유효한 S-3 선반 등록 성명서에 따라 이루어집니다.
American Battery Technology Company (NASDAQ: ABAT) a annoncé une offre directe enregistrée de 10 millions de dollars, vendant 3 773 586 actions ordinaires et warrants. L'offre est fixée à 2,65 dollars par action et warrant, légèrement au-dessus du dernier prix de clôture de 2,60 dollars. Les warrants, pouvant être exercés immédiatement avec un prix d'exercice de 2,80 dollars, expireront dans cinq ans.
La transaction, prévue pour se clôturer autour du 27 décembre 2024, est réalisée par l'intermédiaire de A.G.P./Alliance Global Partners en tant qu'agent de placement exclusif. L'offre est faite sous une déclaration d'enregistrement S-3 efficace déposée auprès de la SEC en juin 2024.
American Battery Technology Company (NASDAQ: ABAT) hat ein registriertes Direktangebot in Höhe von 10 Millionen US-Dollar angekündigt, in dessen Rahmen 3.773.586 Aktien und Warrants verkauft werden. Der Angebotspreis liegt bei 2,65 US-Dollar pro Aktie und zugehörigem Warrant, etwas über dem letzten Schlusskurs von 2,60 US-Dollar. Die Warrants, die sofort mit einem Ausübungspreis von 2,80 US-Dollar ausgeübt werden können, laufen in fünf Jahren ab.
Die Transaktion, die voraussichtlich um den 27. Dezember 2024 abgeschlossen wird, wird über A.G.P./Alliance Global Partners als einzigen Platzierungsagenten durchgeführt. Das Angebot erfolgt auf Grundlage einer wirksamen S-3-Registernotiz, die im Juni 2024 bei der SEC eingereicht wurde.
- Raised $10M in additional capital through equity offering
- Offering price ($2.65) represents a premium to last closing price ($2.60)
- Warrant exercise price ($2.80) set at premium to offering price
- Significant dilution with 3,773,586 new shares being issued
- Additional potential dilution from 3,773,586 warrant shares
- Offering expenses and placement agent fees will reduce net proceeds
Insights
Reno, Nev., Dec. 26, 2024 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, today announced it has entered into securities purchase agreements with two institutional investors for the purchase and sale of 3,773,586 shares of its common stock and warrants to purchase up to an aggregate of 3,773,586 shares of common stock in a registered direct offering. The last closing market price was
The gross proceeds of the offering will be approximately
A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
A shelf registration statement on Form S-3 (File No. 333-276329) relating to the offering of the securities described above was declared effective by the Securities and Exchange Commission (SEC) on June 24, 2024. The offering may be made only by means of a base prospectus and accompanying prospectus supplement. A prospectus supplement relating to the offering will be filed with the SEC. Electronic copies will be available on the SEC’s website at www.sec.gov or by contacting A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About American Battery Technology Company
American Battery Technology Company, headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are "forward-looking statements." For example, the company is using forward-looking statements in this press release when it discusses the expected closing date of the offering and use of proceeds from the offering. Although the company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the company's ability to continue as a going concern; general economic conditions and conditions affecting the industries in which the company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the company's filings with the SEC, including the Annual Report on Form 10-K for the year ended June 30, 2024. The company assumes no obligation to update any of the information contained or referenced in this press release.
