American Battery Materials Inc SEC Filings

Andrew P. Suckling, a director of American Battery Materials, Inc. (BLTH), reported multiple transactions increasing his direct common stock holdings and listing related derivative positions. He acquired 800 shares at $4.50 on 05/07/2025, 1,112 shares at $7.98 on 05/23/2025, and 2,612 shares at $5.00 on 08/27/2025, bringing his total direct ownership to 6,748 shares. The filing also reports stock options exercisable at $1.55 covering 16,000 shares and two convertible notes that can convert into common stock: one tied to a $60,500 principal for 23,270 shares and another tied to $55,000 principal for 21,154 shares, each with an expected conversion price of $6.35 and pari-passu terms.

Jared I. Levinthal, a director of American Battery Materials, Inc. (BLTH), reported a series of non-derivative and derivative transactions increasing his common stock holdings. The Form 4 shows three reported common stock issuances: 1,304 shares on 05/07/2025 at $4.50, 1,312 shares on 05/23/2025 at $7.98 (an annual director equity grant), and 3,054 shares on 08/27/2025 at $5.00, bringing his direct beneficial ownership to 10,954 shares after the last issuance.

The filing also reports conversion-related entries for three convertible notes convertible at an expected price of $6.35 per share, reflecting underlying common shares of 11,433; 9,528; and 2,932 respectively, with stated expiration dates in October 2025. Explanations state the stock issuances were for note maturity extensions and director compensation; principal amounts and prior issue dates for each convertible note are disclosed in the filing.

Adam C. Lipson, a director of American Battery Materials, Inc. (BLTH), reported purchases and issuances increasing his direct holdings to 333,030 common shares. On 05/07/2025 he acquired 160 shares at $4.50 per share, and on 05/23/2025 he received 1,112 shares at $7.98 as the company’s annual director equity grant. The filing also details convertible-note transactions: a $10,000 note issued 02/27/2025 (current principal reported $12,100) convertible at an expected price of $6.35, plus later notes (reported principals $17,293.40 and $50,000) with conversions or terms tied to the company’s proposed uplist and specified discount rates. All reported equity and derivative holdings are shown as direct ownership by Lipson.

David Edward Graber, listed as Chief Executive Officer, Director and 10% owner of American Battery Materials, Inc. (BLTH), reported a conversion of a derivative security into 97,072 shares of common stock following exercise of a convertible note. The convertible note shows a tentative conversion price of $6.35 and a reported underlying value of $400,663.67 after adjustments. The note was originally issued on 03/21/2024 for $254,713.44 and, per the filing, the principal increased to $400,663.67 following a most-favored-nation adjustment on 10/23/2024 and maturity extensions on 04/01/2025 and 07/31/2025. The notes are described as pari-passu with other noteholders and convertible at a 35% discount to the uplist price if/when the company uplists to Nasdaq or NYSE. The Form 4 is signed by Mr. Graber on 09/22/2025.

The filing shows that Glenn Dylan, a director of American Battery Materials, Inc. (ticker BLTH), received 1,112 shares of common stock on 05/23/2025 as part of the companys annual director equity grant. The shares were issued at an indicated price of $7.98 per share. After the grant, Mr. Dylan beneficially owns 9,141 shares of the company's common stock. The filing is a Form 4 statement of changes in beneficial ownership and includes an explanation that the issuance was pursuant to the Companys Director Compensation Agreement.

Sebastian Lux, a director of American Battery Materials, Inc. (BLTH), received 1,112 shares of common stock on 05/23/2025 as part of his annual director equity grant under the companys Director Compensation Agreement. The shares were issued at a reported price of $7.98 per share. After the issuance, Mr. Lux beneficially owned 35,346 shares. The Form 4 was signed by Mr. Lux on 09/22/2025 and filed to report this non-derivative transaction. The filing shows this was an issuance for service as a board member rather than an open-market trade.

American Battery Materials, Inc. (BLTH) filed an amended S-1 proposing a public offering at approximately $0.54 per share with pro forma proceeds to the company of about $9.05 million before expenses. The company reported $0 revenue for the periods presented and a six-month net loss of $2,518,084. Accumulated losses totaled $27,064,641 and working capital showed a deficit of $8,437,663 as of June 30, 2025, which the registrants identify as factors raising substantial doubt about the company’s ability to continue as a going concern. The company acquired additional lithium mineral claims—now totaling 743 placer claims covering 14,320 acres near the Lisbon Valley project—and describes direct lithium extraction (DLE) technology as an environmental differentiator. The filing discloses extensive convertible and promissory note activity, frequent amendments and share issuances to noteholders, and a one-for-300 reverse stock split effective December 8, 2023.