Battery Future Acquisition Corp. announced that it has received $16.3 million in funding from Battery Future Sponsor LLC, Pala Investments Limited, Roth Capital Partners, LLC, Investment Arm, Cantor Fitzgerald & Co.
On December 17, 2021, Battery Future Acquisition Corp. closed the transaction. The company has issued 16,300,000 warrants for a total gross proceeds of $16,300,000. The company didn't paid underwriting discounts or commissions in the transaction. The company has issued securities pursuant to Section 4(a)(2) of the Securities Act. The company has issued 9,445,000 warrants to Battery Future Sponsor LLC, 3,095,000 warrants to Pala Investments Limited, 2,760,000 warrants to Cantor Fitzgerald & Co. and 1,000,000 warrants to Roth Capital Partners, LLC, Investment Arm.