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$BLTH Lisbon Valley Project made Goldman Sachs list for Game changing DLE method.
https://www.goldmansachs.com/intelligence/pages/gs-research/direct-lithium-extraction/report.pdf
I try my best not to talk chit about a stock I own but I agree this guy is the worst when it comes to keeping shareholders informed . Not sure why this ticker and name change taking so long .
Ok point it out in the filings where shareholders including insiders will be left with nothing . You have not pointed out or documented where shareholders will be left with nothing .
Thank you !
Ok you got me . I hope you make a lot of money with me on $BLTH! God Bless!
It’s called manipulation. What serious seller does that? But you know that , you just want to be an azz!
Also from the S-4 - Looks we now know what the ticker symbol will be when merger complete!
“Headquarters; Trading Symbols
After completion of the transactions contemplated by the Merger Agreement:
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the corporate headquarters and principal executive offices of SGII will be located at 500 West Putnam Avenue, Suite 400, Greenwich CT 06830; and
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SGII common stock and SGII warrants are expected to be traded on Nasdaq under the symbols BLIT and BLITW, respectively.”
From the s-4 Pretty cool that SGII met with at least 20 companies for potential target businesses to merge with before choosing $BLTH.
“From the date of the Initial Public Offering through the signing of a non-binding letter of intent (“LOI”) with ABM on March 17, 2023, representatives of SGII contacted and were contacted by a number of individuals and entities with respect to business combination opportunities and engaged in discussions with several possible target businesses regarding potential transactions. During that period, SGII’s officers and directors identified and met with at least 20 potential target businesses from a wide range of industry segments and had in person, virtual and telephonic meetings with many target management teams, owners, and their representatives. The majority of these potential target entities were sourced internally from lists of companies which SGII’s officers and directors had compiled through independent research, through relationships between SGII’s officers and directors and senior management of target entities, or companies in which SGII’s sponsor has or had a debt or equity investment. In evaluating these initial potential targets, SGII’s officers and directors considered various factors including the company’s size, sector, growth prospects and capital requirements.
The decision not to pursue any particular target business that SGII analyzed was generally the result of one or more of (i) SGII’s determination that such business did not represent as attractive a target as ABM due to a combination of business prospects, strategy, management teams, structure and valuation.”
News out! Exciting times for $BLTH longs !
NEW YORK and GREENWICH, Conn., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, and (OTC Pink: BLTH) (“ABM” or the “Company”), an environmentally responsible minerals exploration and development company focused on direct lithium extraction and other critical minerals for the global energy transition, announced today SGII filed the initial Registration Statement on (the "Registration Statement") with the U.S. Securities and Exchange Commission (“SEC”) as a necessary and critical step towards merger completion.
The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced proposed business combination between SGII and ABM (the “Proposed Business Combination”). While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about SGII and ABM, as well as the Proposed Business Combination.
Stephen Smith, Chief Executive Officer and Chairman of SGII commented: “The filing of the Registration Statement marks an important milestone for us in the process to uplist American Battery Materials to the Nasdaq. We remain confident that ABM is primed and positioned to be a leader in the important lithium supply chain here in the U.S., with its planned use of direct lithium extraction leading the way for an environmentally friendly, cost-effective, and highly scalable business.”
David Graber, Chairman and Co-Chief Executive Officer of ABM added: “Since we first announced the business combination with Seaport back in June, ABM has continued to make great progress. We have significantly expanded our mining claims in the Lisbon Valley of Utah; produced an updated technical report; and, readied ourselves to commence drilling. Further, the demand for lithium continues to far outpace supply. We are excited to have the Registration Statement filed and move forward with the proposed merger, which will be a defining moment for ABM and its shareholders. ABM remains uniquely positioned to capitalize on shifting market dynamics reflecting ongoing electrification trends across the globe, and our planned uplisting to the Nasdaq should enable us to advance our lithium activities to critical mass.”
PRELIMINARY PROXY STATEMENT
SUBJECT TO COMPLETION, DATED SEPTEMBER 22, 2023
SEAPORT GLOBAL ACQUISITION II CORP.
360 Madison Avenue, 23rd Floor
New York, New York 10017
NOTICE OF
SPECIAL MEETING
TO BE HELD ON , 2023
TO THE STOCKHOLDERS OF SEAPORT GLOBAL ACQUISITION II CORP.:
NOTICE IS HEREBY GIVEN that a special meeting of Seaport Global Acquisition II Corp. (“SGII”), a Delaware corporation, will be held at a.m. Eastern Time, on , 2023, in a virtual format. You are cordially invited to attend the special meeting, which will be held for the following purposes:
Proposal No. 1 — The Business Combination Proposal — to consider and vote upon a proposal to approve and adopt the Agreement and Plan of Merger, dated as of June 1, 2023, as amended by Amendment No. 1 to Agreement and Plan of Merger dated as of July 14, 2023 (the “Merger Agreement”), by and among SGII, Lithium Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of SGII (“Merger Sub”), and American Battery Materials, Inc., a Delaware corporation (“ABM”), a copy of which is attached to this proxy statement/prospectus as Annex A, and the transactions contemplated thereby, including the merger of Merger Sub with and into ABM, with ABM surviving as a wholly owned subsidiary of SGII (the “Business Combination”) — we refer to this proposal as the “business combination proposal”;
Proposal No. 2 — The SGII Charter Proposals — to consider and vote upon separate proposals to approve amendments to SGII’s current amended and restated certificate of incorporation to: (i) change the name of the public entity to “American Battery Materials, Inc.” as opposed to “Seaport Global Acquisition II Corp.”; (ii) increase SGII’s capitalization so that it will have authorized shares of a single class of common stock and authorized shares of preferred stock, as opposed to SGII having 200,000,000 authorized shares of Class A common stock, 20,000,000 authorized shares of Class B common stock and 1,000,000 authorized shares of preferred stock; and (iii) delete the various provisions applicable only to special purpose acquisition corporations (such as the obligation to dissolve and liquidate if a business combination is not consummated within a certain period of time) — we refer to these proposals collectively as the “SGII charter proposals”;
Proposal No. 3 — The Nasdaq Proposal — to consider and vote upon a proposal to approve, for purposes of complying with applicable listing rules of The Nasdaq Stock Market LLC (the “Nasdaq Listing Rules”), the issuance of shares of Class A common stock pursuant to the Business Combination — we refer to this proposal as the “Nasdaq proposal”;
Proposal No. 4 — The Director Election Proposal — to approve of the appointment of seven directors who, upon consummation of the Business Combination, will become the directors of the Combined Company — we refer to this proposal as the “director election proposal”;
Proposal No. 5 — The Incentive Plan Proposal — to consider and vote upon a proposal to approve the 2023 ABM Incentive Plan, which is an incentive compensation plan for employees of the Combined Company and its subsidiaries, including ABM and its subsidiaries — we refer to this proposal as the “incentive plan proposal”;
Nice buys today! SGII putting out filing on Friday regarding the proxy vote to approve the merger and name change from Seaport Gulf to American Battery Materials Inc., should bring more investors IMO!
2 times is just the start but go and take the 2 times and get out . I didn’t stay invested here for years to just make 2 times .
So now you are on this board pretty much saying merger will get done and at the current SP we are undervalued by 55%. Than you post stating you own shares but see no reason to buy. So being undervalued right now, headed to the Nasdaq thru a merger with a SPAC and potentially having Billions of dollars in a mineral that is greatly needed is no reason to buy? Lol!
Lol! The stuff you come out with is nuts. Who do you think approved the market scanner news release? You pointed out that $BLTH paid for them to put out the news release right ? There are not 5.1 billion shares out . Stop being a douche!
Hold tight Longs we almost to the finish line IMO!
PRELIMINARY PROXY STATEMENT
SUBJECT TO COMPLETION, DATED SEPTEMBER 22, 2023
SEAPORT GLOBAL ACQUISITION II CORP.
360 Madison Avenue, 23rd Floor
New York, New York 10017
NOTICE OF
SPECIAL MEETING
TO BE HELD ON , 2023
TO THE STOCKHOLDERS OF SEAPORT GLOBAL ACQUISITION II CORP.:
NOTICE IS HEREBY GIVEN that a special meeting of Seaport Global Acquisition II Corp. (“SGII”), a Delaware corporation, will be held at a.m. Eastern Time, on , 2023, in a virtual format. You are cordially invited to attend the special meeting, which will be held for the following purposes:
Proposal No. 1 — The Business Combination Proposal — to consider and vote upon a proposal to approve and adopt the Agreement and Plan of Merger, dated as of June 1, 2023, as amended by Amendment No. 1 to Agreement and Plan of Merger dated as of July 14, 2023 (the “Merger Agreement”), by and among SGII, Lithium Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of SGII (“Merger Sub”), and American Battery Materials, Inc., a Delaware corporation (“ABM”), a copy of which is attached to this proxy statement/prospectus as Annex A, and the transactions contemplated thereby, including the merger of Merger Sub with and into ABM, with ABM surviving as a wholly owned subsidiary of SGII (the “Business Combination”) — we refer to this proposal as the “business combination proposal”;
Proposal No. 2 — The SGII Charter Proposals — to consider and vote upon separate proposals to approve amendments to SGII’s current amended and restated certificate of incorporation to: (i) change the name of the public entity to “American Battery Materials, Inc.” as opposed to “Seaport Global Acquisition II Corp.”; (ii) increase SGII’s capitalization so that it will have authorized shares of a single class of common stock and authorized shares of preferred stock, as opposed to SGII having 200,000,000 authorized shares of Class A common stock, 20,000,000 authorized shares of Class B common stock and 1,000,000 authorized shares of preferred stock; and (iii) delete the various provisions applicable only to special purpose acquisition corporations (such as the obligation to dissolve and liquidate if a business combination is not consummated within a certain period of time) — we refer to these proposals collectively as the “SGII charter proposals”;
Proposal No. 3 — The Nasdaq Proposal — to consider and vote upon a proposal to approve, for purposes of complying with applicable listing rules of The Nasdaq Stock Market LLC (the “Nasdaq Listing Rules”), the issuance of shares of Class A common stock pursuant to the Business Combination — we refer to this proposal as the “Nasdaq proposal”;
Proposal No. 4 — The Director Election Proposal — to approve of the appointment of seven directors who, upon consummation of the Business Combination, will become the directors of the Combined Company — we refer to this proposal as the “director election proposal”;
Proposal No. 5 — The Incentive Plan Proposal — to consider and vote upon a proposal to approve the 2023 ABM Incentive Plan, which is an incentive compensation plan for employees of the Combined Company and its subsidiaries, including ABM and its subsidiaries — we refer to this proposal as the “incentive plan proposal”;
How many times you going to create new Alias to talk people out of their positions? At this point it’s quite comical.
Lol! Logan!
If he did any DD he would know all that but his main goal here is to get shareholders who bought without doing any DD to dump.
The guy is here to bash he’s not going to do any research .
Nice day here ! Looks like the sellers who were keeping this down are done. Looking forward to the future here ! $BLTH$
Good to see Steven Smith CEO of Seaport liking the article as well. Liking tells me he agrees and is confident the merger will happen .
100%! Just saw it on LinkedIn .
This company has a history of putting press releases out before market open, usually like 8:30 am est!
Let’s hope the perking continues today!
Ya we due for sure. So many sleeping on $BLTH but all good .
Super clean here! Just needs to come out and give the market a reason to buy here !
Nice to see American Battery Materials on Goldman Sachs list of DLE companies !
https://www.goldmansachs.com/intelligence/pages/gs-research/direct-lithium-extraction/report.pdf
Not sure . Back in March after they got caught up with all filings they put attorney letter out , but then they amended some filings .
17 million float here ! Any positive uidstr and we off!
Looks like all the fools on this board saying SGII won’t have any money left for the merger are wrong .
From SGII’s 10Q out today !
Note 12 — Subsequent Events
On August 14, 2023, the Company held a special meeting of stockholders (the “Second Meeting”), during which the stockholders of the Company approved a proposal to extend the Combination Period by up to six one month extensions to February 19, 2024 (the “Second Extension”).
In connection with the vote to approve the Second Extension, the holders of 861,019 public shares of common stock of the Company properly exercised their right to redeem their shares (and did not withdraw their redemption) for cash at a redemption price of approximately $10.56 per share, for an aggregate redemption amount of approximately $9.1 million (“Second Extension Redemptions”). Following the Second Extension Redemptions, the Company had 6,982,479 shares of common stock outstanding, and the aggregate amount remaining in the Trust Account at the time was approximately $35.8 million.
In connection with the Second Extension, on August 16, 2023, our Sponsor contributed an additional $135,549 to the Trust Account, bringing the total in the Trust Account to approximately $36.0 million. On August 16, 2023, we also ameneded our Trust Agreement with the Trustee.
On August 17, 2023, in connection with the maturity, and following the Second Extension Redemptions, we purchased $36,017,036 of U.S. Treasury Securities that mature on November 17, 2023.
Seems like only chatter on this board comes from bashers.
Ya. Frustrating that these guys aren’t pink current yet .
Annual report out!
Insane that you a shareholder here and all you do is complain and bash. This is brought the best OTC play you own right now and you don’t even know it .
I already got the answers I need from IR. Already posted my reply here.