American Battery Technology Company (ABAT) Registration Filing summary

Company overview and business model

• Focuses on increasing domestic U.S. production of battery materials (lithium, nickel, cobalt, manganese) through exploration, extraction technology, and lithium-ion battery recycling.

• Commissioning and operating its first integrated lithium-ion battery recycling facility, with additional pilot and commercial facilities under development in Nevada.

• Awarded multiple government grants, including $2M from the U.S. Advanced Battery Consortium, $20M and $115M under the Bipartisan Infrastructure Law, and $4.5M from the Department of Energy for technology demonstration and facility construction.

• Operates as a smaller reporting company with limited operating history and no product sales to date.

Financial performance and metrics

• No revenues generated from primary business activities as of the date of the filing.

• Stock price has been highly volatile, trading between $3.33 and $21.75 over the past 12 months.

• As of December 26, 2023, 49,152,300 shares of common stock were outstanding.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital expenditures, operational purposes, and potential acquisitions.

• Specific application of proceeds for each offering will be detailed in the relevant prospectus supplement.