American Battery Technology Company (ABAT) Registration Filing summary

Company overview and business model

• Operates in battery technology, focusing on recycling and mining/mining exploration industries.

• Incorporated in Nevada, with principal offices in Reno, NV.

• Issues senior secured convertible notes due 2025, convertible into common stock.

Financial performance and metrics

• Minimum liquidity covenant requires unrestricted cash and equivalents of at least the lower of outstanding note principal or $5 million.

• Indebtedness (including notes) must not exceed 20% of total market capitalization.

Use of proceeds and capital allocation

• Proceeds from equity issuances and real property transactions may be used to repay note principal at the holder's election.

• Company must maintain an ATM program or equity line of credit with at least $20 million capacity.