American Battery Materials Issues Clarification on Status of Reverse Stock Split
GREENWICH, Conn., Nov. 15, 2023 (GLOBE NEWSWIRE) — American Battery Materials, Inc. (OTC Pink: BLTH) (“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, today issued a clarification of the status of the Company’s 1-for-300 reverse stock split. As announced yesterday by FINRA on its Daily List, FINRA completed its review and the reverse stock split was to become effective on the OTC Marketplace at 8:00 AM Eastern time on November 15, 2023. The Company was subsequently informed by FINRA that the Company’s transfer agent, Equiniti, failed to confirm with DTC that it was engaged to serve as the exchange agent to process the reverse stock split. As such, the reverse stock split has been rescinded pending resolution of the engagement of Equiniti.
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