American Battery Technology ( (ABAT) ) has issued an announcement.

American Battery Technology Company has announced a $10 million registered direct offering of its common stock and accompanying warrants to institutional investors. The offering, priced at $2.65 per share, will be facilitated by A.G.P./Alliance Global Partners as the sole placement agent, with the transaction expected to close on December 27, 2024, pending customary closing conditions.

More about American Battery Technology

American Battery Technology Company, based in Reno, Nevada, specializes in pioneering technologies for the domestic manufacturing and recycling of battery metals. The company aims to meet the increasing demand in the electric vehicle, stationary storage, and consumer electronics industries by supporting a circular supply chain for battery metals and advancing sustainable energy solutions.

YTD Price Performance: -33.05%

Average Trading Volume: 3,108,037

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $255.9M

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