American Battery Technology Announces $10M Stock Offering

Reno: So, American Battery Technology just dropped some big news. They’re rolling out a $10 million stock offering. This is aimed at institutional investors, and they’ve set the price at $2.65 per share.

The whole thing is being handled by A.G.P./Alliance Global Partners, and they expect to wrap it up by December 27, 2024, as long as everything goes smoothly.

Now, if you didn’t know, this company is all about making and recycling battery metals. They’re based in Reno, Nevada, and they’re trying to keep up with the growing demand in the electric vehicle and tech markets. It’s all about creating a sustainable supply chain for battery materials.

By the way, their stock has seen a bit of a dip this year, down about 33%. But the average trading volume is pretty solid at over 3 million shares. The current market cap is around $255.9 million, and the sentiment is leaning towards a buy. Pretty interesting stuff if you’re into the stock market!