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Friday, August 18, 2023 12:22:21 PM
“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: ir@americanbatterymaterials.com
Tel: (800) 998-7962
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