American Battery Materials, Inc.: amends notes, extends maturity to Nov 30, 2026

What happened

• American Battery Materials, Inc. filed an 8-K on Oct 13, 2026 reporting that, on or about the date hereof, the company entered into further amendments to certain outstanding promissory notes and convertible notes. Pursuant to the amendments, the maturity date of the notes was extended to Nov 30, 2026.
• The filing states that if the company does not consummate an uplist to NYSE American on or prior to Nov 30, 2026, then, effective as of Nov 30, 2026, the principal amount due under the notes shall be increased 15% from the June 30, 2026 balances for a total increase of $1,489,217, and that such principal increase shall be "automatic and without the necessity of any further action by either party."

Key details

• maturity date extended to Nov 30, 2026.
• principal increase of 15% from the June 30, 2026 balances, equal to $1,489,217, if an uplist to NYSE American is not consummated by Nov 30, 2026.
• issuance of 779,901 shares of common stock (the "Commitment Shares") will be arranged if the uplist is not consummated, which includes 612,476 Commitment Shares previously agreed to be issued.
• Commitment Shares to be issued by the company’s transfer agent in book-entry format within 10 business days after full execution; issuance described as "automatic and without the necessity of any further action by either party."

Why it may matter

• Item 1.01 (entry into a material definitive agreement) reports the amendments to the company’s promissory and convertible notes, including the extended maturity date and the automatic principal increase provision.
• Item 3.02 (unregistered sales of equity securities) reports the potential issuance of 779,901 Commitment Shares and related issuance mechanics.
• This filing does not show why the insider traded or why the company acted.