American Battery Materials Inc. announced a public offering registration for 2,004,009 shares of its common stock. In the filing, the company stated it has assumed a public offering price of $4.99 per share for disclosure purposes, while making clear that the final public offering price will be set through negotiations with the underwriters at pricing and not by any fixed formula.
The prospectus text reiterates that the assumed price used throughout the document may not reflect the actual price at which shares are sold, and cautions that the assumed figure is provided for informational purposes only.
American Battery Materials currently trades on the OTC Market Group's Pink Open Market under the symbol "BLTH." The filing notes that on March 23, 2026 the companys common stock closed at $4.99 per share. Concurrent with the offering, the company has submitted an application to list its common stock on the NYSE American and expects that such listing will occur alongside the offering.
However, the company stated explicitly that there is no assurance the NYSE American application will be approved. The prospectus makes clear that obtaining a NYSE American listing is a condition to completing the offering, which ties the offerings completion directly to the regulator and exchange approval process.
The filing explains the mechanics of pricing: the actual public offering price will be determined through negotiation between American Battery Materials and the underwriters at the time the deal is priced. As a result, the assumed $4.99 figure used in the prospectus should not be taken as a definitive indicator of the final price.
The companys statement in the registration emphasizes the contingent nature of the transaction, linking the offerings execution to both underwriter negotiations and the success of the NYSE American listing application.
Summary of filings and status
- Registered public offering: 2,004,009 shares of common stock.
- Assumed offering price used in prospectus: $4.99 per share, with final price to be negotiated at pricing.
- Current trading venue: OTC Pink under the symbol BLTH; March 23, 2026 close reported at $4.99 per share.
- NYSE American application filed; company expects listing to coincide with the offering, but approval is not guaranteed and listing is a condition to completing the offering.