Reno, Nev., Dec. 26, 2024 (GLOBE NEWSWIRE) — American Battery Technology Company (NASDAQ: ABAT ), an integrated critical battery materials company commercializing its technologies for primary mineral battery manufacturing and secondary mineral lithium-ion battery recycling, today announced that 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 final closing market price was $2.60 per share and this intraday transaction had a combined offering price of $2.65 per share and associated warrant, which was priced to market under Nasdaq rules. The warrants have an exercise price of $2.80 per share, and are exercisable immediately from the date of issuance and expire five years from the initial exercise date.

The gross proceeds of the offering will be approximately $10 million before deducting placement agent fees and other estimated offering expenses payable by the company. Closing of the offering is expected to occur on or about December 27, 2024, subject to the satisfaction of customary closing conditions.

AGP/Alliance Global Partners (NYSE: ) is acting as the sole placement agent for the offering.

The shelf registration statement on Form S-3 (File No. 333-276329) related to the offering of securities described above was declared effective by the Securities and Exchange Commission (SEC) on June 24, 2024. The offering can only be done through the base prospectus and accompanying prospectus supplement. A prospectus supplement related to the offering will be filed with the SEC. Electronic copies are available on the SEC’s website at www.sec.gov or by contacting AGP/Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624- 2060, or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor is there any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be contrary to law prior to registration or qualification under the securities laws of any state or jurisdiction.

About American Battery Technology Company
American Battery Technology Company, headquartered in Reno, Nevada, is pioneering first-of-kind technologies to unlock home-made and recycled battery metals that are 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, working to continuously innovate and master new battery metal technologies that drive a global electrification transition and the future of lasting strength.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements” statement.” For example, the company uses 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 numerous risks and uncertainties, which could cause the company’s future results to differ materially from expectations. Potential risks and uncertainties include, among others, risks and uncertainties relating 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 about factors that could 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 which ends June 30, 2024. has no obligation to update any information contained or referenced in this press release.

Tiffiany MoehringAmerican Battery Technology [email protected]

Source: American Battery Technology Company