Form 8-K - Current report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 9, 2024

 

AMERICAN BATTERY MATERIALS, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware		001-41594		22-3956444
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

500 West Putnam Ave., Suite 400
Greenwich, Connecticut		06830
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: [phone]

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		BLTH		N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

CURRENT REPORT ON FORM 8-K

 

American Battery Materials, Inc. (the “Company”)

 

December 9, 2024

 

Item 8.01 Other Events.

 

On December 5, 2024, the Board of Directors (the “Board”) of American Battery Materials, Inc. (the “Company”), acting by unanimous written consent pursuant to Section 141(f) of the General Corporation Law of the State of Delaware, approved the grant of stock options to certain employees of the Company in recognition of their valuable contributions. The grants were made under the Company’s 2024 Incentive Compensation Plan.

 

Details of the stock option grants, including the number of options, exercise price, and vesting terms, are summarized below:

 

Name		Grant Date		Stock Options Granted				Exercise Price
David Graber		12/8/2024			1,000,000			$	0.31
Sebastian Lux		12/8/2024			550,000			$	0.31
Agustin Cabo		12/8/2024			450,000			$	0.31
Scott Avanzino		12/8/2024			200,000			$	0.31
Ryan Zarkesh		12/8/2024			200,000			$	0.31
Jared Levinthal		12/8/2024			80,000			$	0.31
Dylan Glenn		12/8/2024			80,000			$	0.31
Justin Vorwerk		12/8/2024			80,000			$	0.31
Andrew Suckling		12/8/2024			80,000			$	0.31
Adam Lipson		12/8/2024			80,000			$	0.31

 

Vesting Terms:

 

Three-Year Vesting Period: Stock options will vest over a three-year period, subject to the recipient’s continued service with the Company.

 

	●	First Anniversary: One-third (33.33%) of the total stock options will vest on the first anniversary of the grant date.
	●	Monthly Vesting Thereafter: The remaining two-thirds (66.67%) of the stock options will vest in equal monthly installments over the subsequent two years.
	●	Service Requirement: If a recipient’s service with the Company terminates before any vesting date, all unvested options will be forfeited, unless otherwise specified in the applicable award agreement or plan.

 

The Board also authorized the appropriate officers of the Company to take any actions necessary to effectuate these grants in compliance with the 2024 Incentive Compensation Plan.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits. The exhibits listed in the following Exhibit Index are filed as part of this current report.

 

Exhibit No.		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	AMERICAN BATTERY MATERIALS, INC.
Date: December 9, 2024	By:	/s/ David E. Graber
		David E. Graber
		Chief Executive Officer

 

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Cover	Dec. 09, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 09, 2024
Entity File Number	001-41594
Entity Registrant Name	AMERICAN BATTERY MATERIALS, INC.
Entity Central Index Key	0001487718
Entity Tax Identification Number	22-3956444
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	500 West Putnam Ave.
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06830
City Area Code	(800)
Local Phone Number	998-7962
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	BLTH
Entity Emerging Growth Company	false

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