American Battery Materials Inc (BLTH)

[JJ24]

Emailed IR about the fud going around about the merger falling thru! Here’s their response.

“I assume that fud is NOT coming from a BLTH executive, now is it???

Quite to the contrary, SGII has actually acted to ensure that the Merger closes in a timely fashion.

The SGII 8-K filed on 14 August is actually very positive.

That 8-K extended the time for which SGII is required to close a merger for liquidate.

The expiration date was tomorrow (the 19th.) It is now 19 February.

Further, the redemptions were expected, and actually less than typically seen in a SPAC deal.

The SPAC is required to have $20MM for us at closing.

After the redemptions, it still has over $30MM in trust, meaning the SPAC should have no problem delivering at least $20MM at closing.


Investor Communications
American Battery Materials, Inc.
500 West Putnam Avenue
Suite 400
Greenwich, CT 06830
Email: [e-mail]
Tel: [phone]
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