American Battery Materials completes reverse stock split

American Battery Materials Inc. (OTC: BLTH), a Greenwich-headquartered minerals extraction company, has completed a 1-for-300 reverse stock split of its issued and outstanding common stock.

The common stock is now trading on a split-adjusted basis on the OTC Marketplace under the symbol “BLTH,” with a new CUSIP number of 10319B209. As a result of the reverse stock split, the number of outstanding shares of common stock will be reduced from approximately 3.3 billion to approximately 11 million. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to a fractional share will automatically be entitled to rounding up of their fractional share to the nearest whole share.

“We are grateful to our stockholders for supporting the motion to effect a reverse split, and our new transfer agent, Transfer Online, for enabling the process,” said David Graber, chairman and co-CEO. “This sets us on a pathway to listing on a senior exchange to bring additional long-term value for our fellow shareholders. We look forward to providing further updates on this front as they develop and we move closer to an uplisting.”