BLTH.OIDAmerican Battery Materials, INC

Form 4: American Battery Materials Director Adam Lipson Reports Beneficial Ownership Changes

Sentiment:

SEC Form 4

📋All filings for American Battery Materials, INC
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Director Adam Lipson reports changes in beneficial ownership of American Battery Materials, Inc. stock, including acquisitions through warrant exercises and conversions of preferred stock and convertible notes.

Capital raiseA $10,000 convertible note was issued on 2/27/2025.The convertible note is convertible at a 25% discount to the company's proposed uplist price, tentatively $4.00.

Summary

  • Adam Lipson, a director of American Battery Materials, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
  • The reported transactions include the acquisition of common stock through the exercise of warrants on multiple dates in 2023 at prices ranging from $1.50 to $4.80, resulting in the acquisition of 19,231 shares.
  • Lipson also acquired 6,667 shares of common stock through the conversion of Series A Preferred Stock on August 23, 2023.
  • Additionally, Lipson acquired 1,112 shares of common stock on May 22, 2024, at a price of $0.30.
  • Lipson also acquired 2,500 shares of common stock through the conversion of a convertible note on February 27, 2025.
  • Lipson's total direct ownership of common stock following these transactions is 314,971 shares.
  • Lipson also acquired 16,000 common stock options with an exercise price of $1.55, exercisable from December 8, 2024, to December 8, 2034.

Sentiment

Score: 6

Explanation: The sentiment is neutral. While a director increasing their stake is generally positive, the document primarily reflects routine transactions. The convertible note indicates a potential future capital raise.

Positives

  • The director's increased stake in the company could be interpreted as a sign of confidence in its future prospects.
  • The exercise of warrants provides the company with additional capital.

Stakeholder Impact

  • The transactions may have a minor positive impact on shareholder confidence due to the director's increased investment.

Key Dates

DateDescription
02/28/2023Warrant exercise resulting in acquisition of 1,798 shares of common stock at $2.40.
03/27/2023Warrant exercise resulting in acquisition of 6,141 shares of common stock at $1.80.
04/08/2023Warrant exercise resulting in acquisition of 2,136 shares of common stock at $1.50.
05/22/2023Purchase of 1,112 shares of common stock at $2.40.
08/07/2023Warrant exercise resulting in acquisition of 4,589 shares of common stock at $4.80.
08/23/2023Conversion of Series A Preferred Stock resulting in acquisition of 6,667 shares of common stock at $3.60 and 34 shares of Series A Preferred Stock at $1.
12/08/2024Date from which 16,000 common stock options become exercisable.
05/22/2024Purchase of 1,112 shares of common stock at $0.30.
02/27/2025Convertible note issued on 2/27/2025 convertible at a 25% discount to the company's proposed uplist pricetentatively, $4.00.
03/03/2025Date of signature on the Form 4 filing.

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