ABM operates in aviation, transportation, commercial real estate, retail, and logistics sector. It transforms common touchpoints like parking, shuttle, terminal, flight, and baggage claim into opportunities to positively impact customers. It was founded in 1909 and is based in London, United Kingdom.
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Latest ABM News
Jan 10, 2023
Greenwich, Connecticut, UNITED STATES GREENWICH, Conn., Jan. 10, 2023 (GLOBE NEWSWIRE) -- American Battery Materials, Inc. (OTC Pink: BOXS) (“ABM”, the “Company”) an environmentally responsible minerals exploration and development company focused on direct lithium extraction (DLE) and other critical minerals for the global energy transition, completed a series of privately negotiated agreements and transactions with holders of 99 convertible promissory notes (the “Notes”) and 4 common stock warrants (the “Warrants”). All transactions closed on December 31, 2022, and resulted in (i) the conversion of the Notes, representing outstanding principal and accrued interest totaling $11,708,345.53, into 2,818,277,866 shares of the Company’s common stock; and, (ii) exercise of the Warrants under which 27,631,065 shares of the Company’s common stock were issued in exchange for the payment of $105,000. After the closing of these transactions, almost 98% of the Company’s outstanding convertible notes were eliminated, and virtually all of the Company’s outstanding common stock warrants (excluding warrants issued to employees, management, and service providers) were exercised. The conversions of the Notes and exercises of the Warrants were all made pursuant to an exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended. “The closing of these transactions strengthens and simplifies our capital structure and overall financial position,” said Sebastian Lux, Chief Executive Officer of ABM. “By eliminating nearly all of our outstanding convertible notes and common stock warrants, we have removed over $11 million of debt from our balance sheet. In addition, these transactions have eliminated our interest expense in entire, mitigated volatility on the trading price of our common stock, and improved our cash position in a non-dilutive method. “We concluded 2022 on a very positive note by substantially enhancing our financial position. We enter 2023 in a much stronger position that allows us to focus on executing on our business plan, and ultimately working to build sustainable value for our shareholders,” concluded Lux. About American Battery Materials, Inc. American Battery Materials, Inc., formerly BoxScore Brands, Inc. and still trading under the symbol BOXS pending processing by FINRA (OTC Pink: BOXS), is a US-based environmentally responsible critical minerals exploration and development company focused on direct lithium extraction (DLE) as well as other minerals for refining, processing, and distribution to support the country’s urgent critical minerals need to bolster long-term energy transition and the electrification of the US domestic and global economy. For more information about American Battery Materials, Inc. and to receive Company updates via email, please visit the Contact section of our web site, www.americanbatterymaterials.com .
ABM Frequently Asked Questions (FAQ)
When was ABM founded?
ABM was founded in 1909.
Where is ABM's headquarters?
ABM's headquarters is located at 75 - 83 Borough High Street, London.
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