American Battery Technology Company (ABAT) has filed an S-3/A amendment to register the resale of up to 6,413,193 shares of common stock, including:
- 2,296,460 PIPE shares from private placements
- 4,116,733 shares issuable upon exercise of various warrants (Common, Series A, and Series B)
The securities were issued in private placements totaling $6.9 million between June 2023 and February 2025. If all warrants are exercised for cash, ABAT could receive up to $9.38 million in additional proceeds for working capital. The amendment updates beneficial ownership information, incorporates Q1 2025 financial results, and adds subscription agreements and warrant forms as exhibits.
ABAT is a critical battery materials company focused on lithium-ion battery recycling and domestic production of battery metals. The company has constructed its first integrated recycling facility and received significant government grants, including a $20 million DOE project and a $2 million U.S. Advanced Battery Consortium grant to accelerate technology development.