American Battery prices $10M registered direct offering at $2.65 per share

The company states: “On December 26, 2024, American Battery (ABAT) Technology Company entered into a Securities Purchase Agreement with two institutional investors for the purchase and sale of (i) 3,773,586 shares of its common stock, par value $0.001 per share (the “Common Stock”), and (ii) warrants exercisable for up to an aggregate of 3,773,586 shares of Common Stock for a combined offering price of $2.65 per share and accompanying warrant. The Warrants have an exercise price of $2.80 per share, will be exercisable immediately from the date of issuance and will expire five years from the initial exercise date.”