AMERICAN BATTERY MATERIALS, INC. (BLTH) Form 8-K — Aug 25, 2026
American Battery Materials Inc. entered into amendments to its outstanding promissory notes and convertible notes, extending the maturity date to September 30, 2026, per an 8-K filed August 25, 2026. The amendments are tied to the company consummating an uplist of its common stock to NYSE American by September 30, 2026. If the uplist does not occur, the principal due under the notes automatically increases 15%, a total increase of $1,459,217 that takes the notes to $11,187,330, and the company must arrange for the issuance of 612,476 shares of common stock to the noteholders.
Key figures
- Debt Amount
- 11187330
- Uplist deadline
- September 30, 2026
- Extended maturity date
- September 30, 2026
- Uplist target exchange
- NYSE American
- Principal increase percent
- 15%
- Additional shares if no uplist
- 612476
- Principal increase if no uplist usd
- 1459217
AI analysis
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