American Battery Materials ( (BLTH) ) just unveiled an announcement.

American Battery Materials has amended certain outstanding promissory and convertible notes, extending their maturity date to September 30, 2026 and confirming that it is not currently in default under any of these instruments. The amendments introduce penalties if the company fails to uplist its common stock to NYSE American by that date, including an automatic 15% increase in principal to approximately $11.19 million and the issuance of 612,476 additional common shares to noteholders, potentially increasing leverage and shareholder dilution but providing near‑term breathing room on its debt obligations.

These changes underscore the company’s reliance on an anticipated exchange uplisting as a key milestone in its capital strategy, aligning creditor incentives with its listing plans while deferring immediate repayment pressure. The structure may reassure noteholders about compensation for uplisting risk, even as it raises the stakes for American Battery Materials’ market positioning and future equity value.