American Battery Technology Company Announces Share Consolidation in Preparation for Listing on Major National Exchange
RENO, Nev., Sept. 11, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (OTCQX: ABML), an integrated critical battery materials company that is commercializing both its primary minerals manufacturing and secondary minerals lithium-ion battery recycling technologies, today announced that the ABTC board of directors approved a 1-for-15 reverse split of its common stock effective at 9:00 a.m. Eastern Time on Monday, September 11, 2023. ABTC's common stock will continue to trade on OTCQX Markets ("OTC") under the symbol "ABML" and will begin trading on a split-adjusted basis when the market opens on Monday, September 11, 2023.
- Share consolidation is part of the company's uplisting process for The Nasdaq Capital Market listing requirements.
- It further simplifies ABTC's capital structure and is intended to enable the company to meet Nasdaq's rigorous listing requirements.
- The company is uniquely positioned with its first-of-kind technologies for both lithium-ion battery recycling and primary lithium manufacturing operations to address the immense imbalance of supply and demand for battery metals, particularly sustainably- and domestically-sourced battery metals.
- American Battery Technology Company announces share consolidation in preparation for listing on major exchange.