BLTH (AMERICAN BATTERY MATERIALS) director logs stock grant and convertible note changes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN BATTERY MATERIALS, INC. director Jared I. Levinthal reported several non-market “J” code transactions involving common stock and convertible notes. He received 7,026 shares of common stock at $3.75 per share as consideration for extending the maturity dates of certain convertible notes, bringing his direct common stock holdings to 25,698 shares.
The filing also lists three convertible notes, each recorded as an “other acquisition or disposition.” These notes have current principals of $58,398, $48,665, and $14,974, are pari passu with other noteholders, and are convertible into 14,974, 12,478, and 3,839 shares of common stock, respectively, at a 35% discount to an expected uplist price of $6.00 per share if the company uplists to a senior exchange.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
LEVINTHAL JARED I
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 7,026 | $3.75 | $26K |
| Other | Convertible Note 3 | 1 | $14,974.00 | $15K |
| Other | Convertible Note 2 | 1 | $48,665.00 | $49K |
| Other | Convertible Note 1, | 1 | $58,398.00 | $58K |
Holdings After Transaction:
Common Stock — 25,698 shares (Direct, null);
Convertible Note 3 — 4 shares (Direct, null);
Convertible Note 2 — 3 shares (Direct, null);
Convertible Note 1, — 2 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 originally issued on 1/16/2024 in the amount of $30,000, with current principal $58,398 after subsequent maturity extensions on 10/16/2024, 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. Convertible note originally issued on 10/21/2024 in the amount of $25,000, with current principal $48,665 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. Convertible note originally issued on 2/11/2025 in the amount of $10,000, with current principal $14,974 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.
Key Figures
Common shares issued: 7,026 shares at $3.75
Shares held after transaction: 25,698 shares
Convertible Note 1 principal: $58,398
+5 more
8 metrics
Common shares issued
7,026 shares at $3.75
Common Stock issued as consideration for note maturity extension
Shares held after transaction
25,698 shares
Director’s direct BLTH common stock holdings following Form 4 transaction
Convertible Note 1 principal
$58,398
Current principal after extensions; originally $30,000
Convertible Note 1 underlying shares
14,974 shares
Common stock issuable upon conversion at 35% discount to uplist price
Convertible Note 2 principal
$48,665
Current principal after extensions; originally $25,000
Convertible Note 2 underlying shares
12,478 shares
Common stock issuable upon conversion at 35% discount to uplist price
Convertible Note 3 principal
$14,974
Current principal after extensions; originally $10,000
Convertible Note 3 underlying shares
3,839 shares
Common stock issuable upon conversion at 35% discount to uplist price
Key Terms
Convertible note, Pari-Passu, note extension agreement, maturity date, +2 more
6 terms
Convertible note financial
"Convertible note originally issued on 1/16/2024 in the amount of $30,000, with current principal $58,398 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"
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"
maturity date financial
"issued in consideration for the extension of the maturity date of convertible notes"
The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.
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"
FAQ
What insider transactions did BLTH director Jared Levinthal report?
Jared Levinthal reported four “J” code transactions, including 7,026 shares of BLTH common stock at $3.75 per share and three restructurings of convertible notes. These are classified as other acquisitions or dispositions, not open-market buys or sells.
What are the key terms of Jared Levinthal’s BLTH Convertible Note 1?
Convertible Note 1 was originally issued for $30,000 and has a current principal of $58,398 after multiple extensions. It is pari passu with other noteholders and is convertible into 14,974 shares at a 35% discount to an expected $6.00 uplist price.
What are the key terms of BLTH Convertible Note 2 held by Jared Levinthal?
Convertible Note 2 was originally issued for $25,000 and now has a principal of $48,665 after maturity extensions. It is pari passu with other noteholders and is convertible into 12,478 common shares at a 35% discount to an expected $6.00 uplist price.
What are the key terms of BLTH Convertible Note 3 held by Jared Levinthal?
Convertible Note 3 was originally issued for $10,000 and has a current principal of $14,974. It is pari passu with other noteholders and is convertible into 3,839 common shares at a 35% discount to an expected $6.00 uplist price if BLTH uplists.
Were Jared Levinthal’s BLTH Form 4 transactions open-market buys or sells?
The Form 4 shows code J transactions classified as “other acquisition or disposition,” not open-market purchases or sales. Common shares were issued as consideration for extending note maturities, and the note entries reflect restructurings with defined conversion terms.