AMERICAN BATTERY TECHNOLOGY CO : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) | MarketScreener

Item 1.01 Entry into a Material Definitive Agreement.

On March 1, 2023, American Battery Technology Company (the “Company”) and LiNiCo
Corporation (“LiNiCo”) entered into an asset purchase agreement and membership
interest purchase agreement (collectively referred herein as the “Agreements”)
for the purchase of a commercial hazardous waste recycling facility in the
Tahoe-Reno Industrial Center located at 2500 Peru Drive, McCarran, Nevada and
related industrial equipment. Pursuant to the Agreements, the Company acquired
the industrial equipment from LiNiCo on March 1, 2023, for the purchase price of
$6 million. The Company and LiNiCo are expected to close on the sale of the
recycling facility by March 31, 2023, for the purchase price of $21 million.
Pursuant to the terms of the Agreements, $1.5 million of the purchase price will
be held in escrow for up to 18 months and be available for the settlement of
indemnification claims made by the buyer under the Agreements.

The foregoing description of the Agreements are qualified in its entirety by the
Agreements, a copy of which will be filed as exhibits to the Company’s annual
report on Form 10-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits



Exhibit No.   Description

99.1            Press Release dated March 7, 2023
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)




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