AMERICAN BATTERY TECHNOLOGY CO (ABAT)

Maturity Date for Convertible Notes

American Battery Technology Company (ABTC) has issued senior secured convertible notes totaling $12 million to High Trail Investments ON LLC and High Trail Special Situations LLC. The notes are governed by an amended securities purchase agreement from August 2023, allowing for partial redemptions and conversion to common stock at specific rates. The maturity date for these zero-coupon notes is September 1, 2025. They are secured by ABTC's real property, cash, and investment accounts. Investors can convert up to $2 million in principal at a rate of 1,333.33 shares per $1,000 and the remaining balance at a rate of 945.0992 shares per $1,000. AGP/Alliance Global Partners acted as the sole placement agent. The agreement allows for flexibility in redemptions and conversions, potentially impacting ABTC's financial structure, with shares subject to registration for resale under U.S. law.