Financing ·
American Battery Materials Inc. amended outstanding promissory and convertible notes to extend the maturity date to…
BLTHAmerican Battery Materials, Inc.
American Battery Materials Inc. amended outstanding promissory and convertible notes to extend the maturity date to September 30, 2026. The amendments impose automatic penalties if the company fails to uplist its common stock to NYSE American by that deadline: a 15% principal increase adding $1,459,217 (raising total principal to $11,187,330) and an issuance of 612,476 shares. These changes resolve current defaults under the notes. The company develops battery materials.