American Battery Materials Inc (BLTH)

[stervc]

JJ24, with this Important Email from BLTH IR...

Thanks for posting this important email from the BLTH IR confirming that the SPAC is still on to go to the NASDAQ through SGII and that they are going to have at least $20 Million cash to move forward to grow their lithium projects:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172631443
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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v/r
Sterling