American Battery Materials Inc (BLTH)

[Deuces]

So much for those dilution calls earlier.....

Haven't seen an 8k out until now....if debtor is willing to wait must mean big things ahead. Balance sheets getting cleaned out and more filings to come I'm sure.

https://www.otcmarkets.com/filing/html?id=14906469&guid=nhPnUKN3lYIei3h

Item 3.02. Unregistered Sales of Equity Securities.
 
On April 29, 2021, the Company issued a convertible promissory note in the principal amount of $75,000 to an unaffiliated investor to settle outstanding debts to creditors. The note bears interest at the rate of 9.5% per annum and is due and payable in two years. The note is convertible into shares of the Company’s common stock at $0.05 per share and is redeemable at the principal amount plus accrued unpaid interest after one year, at the Company’s option. The note also contains a 4.99% limitation on the investor’s beneficial ownership of the Company’s outstanding common stock upon conversion.