American Battery Technology Company announced that it has entered into a securities purchase agreement and issued up to $51 million of a new series of senior secured convertible notes on August 29, 2023. Investors may request partial redemptions of up to an aggregate of $1.8 million on the 15th of each month or may convert the notes into shares of common stock of the company at a conversion rate of 110% of the last reported sales price on the date of the agreement to acquire such notes. The notes bear zero coupon, mature on debt maturity date of September 1, 2025.
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- American Battery Technology Company announced that it has received $51 million in funding