American Battery director gets 7,868 shares
American Battery Materials, Inc. director Andrew P. Suckling reported restructuring-related transactions involving common stock and convertible notes.
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Form Type
4
Rhea-AI Filing Summary
American Battery Materials, Inc. director Andrew P. Suckling reported restructuring-related transactions involving common stock and convertible notes. He reported 7,868 shares of common stock at $3.75 per share, issued as consideration for extending the maturity of convertible notes under a note extension agreement, bringing his direct common stock holdings to 23,330 shares. He also reported two convertible notes, with current principal balances of $74,869 and $68,063, each convertible into common stock at a 35% discount to an expected uplist price of $6.00 per share if the company uplists to a senior exchange.
Insider Trade Summary
Other: 7,870 shares
Other
3 txns
Insider
SUCKLING ANDREW P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 7,868 | $3.75 | $30K |
| Other | Convertible Note 2 | 1 | $68,063.00 | $68K |
| Other | Convertible Note 1 | 1 | $74,869.00 | $75K |
Holdings After Transaction:
Convertible Note 1 — 2 contracts (Direct);
Convertible Note 2 — 3 contracts (Direct);
Common Stock — 23,330 shares (Direct)
Footnotes (3)
- F1. Represents shares of common stock issued in consideration for the extension of the maturity date of convertible notes, pursuant to the terms of the note extension agreement
- F2. Convertible note originally issued on 3/7/2025 in the amount of $50,000, with current principal $74,869 after subsequent maturity extensions on 4/1/2025, 7/31/2025,10/31/2025 and 1/31/2026 Pari-Passu with other noteholders and convertible at a 35% discount to the uplist price if the company uplists to a senior exchange. Price expected to be $6.00 per share.
- F3. Convertible note originally issued on 4/7/2025 in the amount of $50,000, with current principal $68,063 after subsequent maturity extensions on 7/31/2025,10/31/2025 and 1/31/2026 Pari-Passu with other noteholders and convertible at a 35% discount to the uplist price if the company uplists to a senior exchange. Price expected to be $6.00 per share.
Key Figures
Common shares transacted: 7,868 shares at $3.75
Shares held after transaction: 23,330 shares
Convertible Note 1 principal: $74,869
+4 more
7 metrics
Common shares transacted
7,868 shares at $3.75
Common stock issued as consideration for note maturity extension
Shares held after transaction
23,330 shares
Director’s direct common stock holdings following 7,868-share issuance
Convertible Note 1 principal
$74,869
Current principal after multiple maturity extensions; convertible at 35% discount to expected $6.00 uplist price
Convertible Note 2 principal
$68,063
Current principal after maturity extensions; pari passu with other noteholders
Expected uplist price
$6.00 per share
Basis for 35% discount conversion feature on the convertible notes if company uplists
Underlying shares Note 1
19,197 shares
Common stock underlying Convertible Note 1
Underlying shares Note 2
17,462 shares
Common stock underlying Convertible Note 2
Key Terms
Convertible note, Pari-Passu, uplists to a senior exchange, 35% discount, +1 more
5 terms
Convertible note financial
"Convertible note originally issued on 3/7/2025 in the amount of $50,000, with current principal $74,869 after subsequent maturity extensions"
A convertible note is a type of loan that a company gets from investors, which can later be turned into company shares instead of being paid back in cash. It matters because it helps startups raise money quickly without setting a fixed value for the company right away, making it easier to grow and attract investors.
Pari-Passu financial
"Pari-Passu with other noteholders and convertible at a 35% discount to the uplist price"
A pari-passu clause means two or more investors, creditors, or securities share the same legal rank and treatment, so they are paid or suffer losses proportionally and without priority over one another. Think of it like people splitting a single bill where everyone gets the same percentage of payment or the same haircut; this matters to investors because it determines relative claim strength in payouts, restructurings, or bankruptcies.
uplists to a senior exchange financial
"convertible at a 35% discount to the uplist price if the company uplists to a senior exchange"
35% discount financial
"convertible at a 35% discount to the uplist price if the company uplists"
note extension agreement financial
"issued in consideration for the extension of the maturity date of convertible notes, pursuant to the terms of the note extension agreement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BLTH director Andrew P. Suckling report?
Director Andrew P. Suckling reported restructuring-related transactions, including 7,868 shares of common stock at $3.75 per share and adjustments to two convertible notes. These were classified as “other acquisition or disposition” transactions rather than open-market buys or sells.
What are the key terms of Andrew P. Suckling’s BLTH convertible notes?
Suckling holds two convertible notes with current principal balances of $74,869 and $68,063. They are pari passu with other noteholders and are convertible at a 35% discount to an expected uplist price of $6.00 per share if the company uplists to a senior exchange.
Were Andrew P. Suckling’s BLTH transactions open-market purchases or sales?
The transactions were not open-market trades. They are classified with code J as “other acquisition or disposition,” reflecting restructuring of existing convertible notes and issuance of common shares as consideration for extending note maturities, rather than discretionary market buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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