Press Release – New York, NY – April 4, 2023 – Sichenzia Ross Ference LLP announced today that it represented American Battery Technology Company (NASDAQ: “ABML”), a critical battery materials company, in a registered direct offering of common stock and warrants.
The offering consisted of the purchase and sale of an aggregate of 14,285,715 shares of common stock, Series A warrants to purchase up to an aggregate of 14,285,715 shares of common stock, and Series B warrants to purchase up to an aggregate of 14,285,715 shares of common stock at a combined purchase price of $0.70 per share of common stock and accompanying warrants. The Series A warrants have an exercise price of $0.80 per share, are immediately exercisable upon issuance and will expire five years following issuance. The Series B warrants have an exercise price of $0.70 per share, are immediately exercisable upon issuance and will expire eighteen months following issuance. The gross proceeds from the offering were $10 million.
The Sichenzia Ross Ference LLP team was led by partner Darrin Ocasio and associates Matthew Siracusa and Rohini Sud.
