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AMERICAN BATTERY MATERIALS, INC.·4

May 12, 4:05 PM ET

SUCKLING ANDREW P 4

Research Summary

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American Battery Materials (BLTH) Director Andrew Suckling Acquires Shares

What Happened
Andrew P. Suckling, a Director of American Battery Materials, reported acquisitions of company stock and derivative-share issuances. On 2026-03-17 he acquired 7,868 common shares at $3.75 each for $29,505. The filing also shows two earlier “acquisitions” (reported as one share each) dated 2025-03-07 and 2025-04-07 recorded with dollar amounts of $74,869 and $68,063 respectively — these reflect issuance of shares in connection with convertible-note extensions (see footnotes).

Key Details

  • Transaction dates/prices:
    • 2026-03-17: 7,868 shares @ $3.75 = $29,505 (common stock issued for note-extension consideration per F1).
    • 2025-03-07: 1 share reported @ $74,869 (derivative; related to convertible note described in F2).
    • 2025-04-07: 1 share reported @ $68,063 (derivative; related to convertible note described in F3).
  • Shares owned after transaction: Not disclosed in the provided filing.
  • Notable footnotes:
    • F1: Shares issued as consideration for extending maturity of convertible notes.
    • F2/F3: Each relates to a convertible note originally $50k now showing higher principal ($74,869 and $68,063) after extensions; notes are pari-passu and convertible at a 35% discount to the company’s uplist price (company expects ~$ $6.00 per share uplist price).
    • The large dollar amounts attached to the single-share entries reflect the outstanding note principal for reporting, not the per-share market trading price.
  • Timeliness: The Form 4 was filed 2026-05-12 for a primary transaction dated 2026-03-17, indicating a late filing (reported as late).

Context
These transactions are conversions/issuances tied to convertible-note extensions rather than routine open-market purchases. For retail investors: note that derivative/reporting conventions can show very large dollar amounts for single-share entries — those are tied to note principal and conversion terms, not an actual per-share market sale or purchase price. The 7,868-share issuance on 3/17/2026 represents a straightforward issuance at $3.75/share in connection with a note-extension agreement.