American Battery Materials (BLTH) director gets 13,890 shares in note extension deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN BATTERY MATERIALS, INC. director Adam C. Lipson reported a set of restructuring-type transactions involving common stock and convertible notes. He received 13,890 shares of common stock at $3.75 per share on March 17, 2026 as consideration for extending the maturity dates of existing convertible notes under a note extension agreement.
Following this, he directly holds 357,479 shares of common stock. He also holds multiple convertible notes, including notes with current principal balances of $14,974, $21,400, $61,875 and $42,323, each stated as Pari-Passu with other noteholders and convertible at a 35% discount to the company’s proposed uplist price, which is expected to be $6.00 per share. These Form 4 entries are coded as “other” transactions, reflecting restructuring rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Lipson Adam C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 13,890 | $3.75 | $52K |
| Other | Convertible Note | 1 | $42,323.00 | $42K |
| Other | Convertible Note | 1 | $61,875.00 | $62K |
| Other | Convertible Note | 1 | $21,400.00 | $21K |
| Other | Convertible Note | 1 | $14,974.00 | $15K |
Holdings After Transaction:
Common Stock — 357,479 shares (Direct, null);
Convertible Note — 5 shares (Direct, null)
Footnotes (1)
- 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 Convertible note issued on 2/27/2025 in the amount of $10,000, with current principal of $14,974 after subsequent maturity extensions Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share. Convertible note issued on 8/1/2025 in the amount of $15,721.27, with current principal of $21,400 after Most Favored Nations and note extension principal increases Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share. Convertible note issued on 8/28/2025 in the amount of $50,000 with current principal of $61,875 after subsequent maturity extensions Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share. Convertible note issued on 10/23/2025 in the amount of $34,200 with current principal of $42,323 after Most Favored Nations principal increase and subsequent maturity extensions Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share.
Key Figures
Common shares issued: 13,890 shares
Issue price per share: $3.75/share
Shares held after transaction: 357,479 shares
+5 more
8 metrics
Common shares issued
13,890 shares
Common stock at $3.75 per share for note maturity extension
Issue price per share
$3.75/share
Price for 13,890 common shares issued March 17, 2026
Shares held after transaction
357,479 shares
Total BLTH common stock directly held by Adam C. Lipson after transactions
Convertible note principal
$14,974
Current principal on 2/27/2025 note after extensions
Convertible note principal
$21,400
Current principal on 8/1/2025 note after increases
Convertible note principal
$61,875
Current principal on 8/28/2025 note after extensions
Convertible note principal
$42,323
Current principal on 10/23/2025 note after increases and extensions
Expected conversion price reference
$6.00/share
Price expected for proposed uplist; notes convertible at 35% discount
Key Terms
Convertible note, note extension agreement, Pari-Passu, Most Favored Nations, +1 more
5 terms
Convertible note financial
"Convertible note issued on 2/27/2025 in the amount of $10,000, with current principal of $14,974 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.
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"
Pari-Passu financial
"current principal of $14,974 after subsequent maturity extensions Pari-Passu with other noteholders"
Most Favored Nations financial
"current principal of $21,400 after Most Favored Nations and note extension principal increases"
proposed uplist financial
"convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share."
FAQ
What insider transactions did BLTH director Adam C. Lipson report?
Adam C. Lipson reported several “other” transactions, including receipt of 13,890 BLTH common shares at $3.75 per share as consideration for extending convertible note maturities, plus adjustments to multiple convertible notes linked to a proposed uplist at an expected $6.00 share price.
What are the key terms of Adam C. Lipson’s BLTH convertible notes?
Lipson’s convertible notes carry current principal balances including $14,974, $21,400, $61,875 and $42,323. Footnotes state these notes are Pari-Passu with other noteholders and convertible at a 35% discount to AMERICAN BATTERY MATERIALS’ proposed uplist price, expected to be $6.00 per share.
Were there any open-market buys or sells in Adam C. Lipson’s latest BLTH Form 4?
No open-market buys or sells were reported. All transactions use code J, described as “other acquisition or disposition,” and are characterized as restructuring events involving maturity extensions and terms of convertible notes, along with related stock issuance.