CORRECTION: Seaport Global Acquisition II Corp. And American Battery Materials Announce Definitive Business Combination Agreement To Create Nasdaq Listed Company; Post-Transaction Enterprise Value Of $225M
Portfolio Pulse from Happy Mohamed
Seaport Global Acquisition II Corp. (SGII) and American Battery Materials, Inc. (BLTH) have announced a definitive merger agreement, resulting in ABM becoming a wholly-owned subsidiary of SGII. The combined company will be renamed 'American Battery Materials Holdings' and listed on Nasdaq.
June 02, 2023 | 12:21 pm
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ABM will merge with SGII, becoming a wholly-owned subsidiary and creating a Nasdaq-listed company focused on lithium extraction.
The merger will result in ABM becoming a wholly-owned subsidiary of SGII, creating a Nasdaq-listed company focused on lithium extraction. This is expected to accelerate ABM's transition into a leading provider of domestically sourced lithium, which is critical to the global energy transition.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
SGII will merge with ABM, creating a Nasdaq-listed company focused on lithium extraction for the global energy transition.
The merger will result in ABM becoming a wholly-owned subsidiary of SGII, creating a Nasdaq-listed company focused on lithium extraction. This is expected to accelerate ABM's transition into a leading provider of domestically sourced lithium, which is critical to the global energy transition.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100