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ABAT > SEC Filings for ABAT > Form 8-K on 1-Oct-2009All Recent SEC Filings

Show all filings for ADVANCED BATTERY TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ADVANCED BATTERY TECHNOLOGIES, INC.


1-Oct-2009

Entry into a Material Definitive Agreement, Financial Stateme


Item 1.01 Entry into Material Definitive Agreement

On September 30, 2009 Advanced Battery Technologies entered into a Securities Purchase Agreement. The Securities Purchase Agreement provides that, at a closing expected to occur on October 5, 2009 after satisfaction of standard closing conditions, Advanced Battery Technologies will sell 4,592,145 shares of common stock and 1,377,644 common stock purchase warrants (the "Warrants"). The purchasers are institutional investors. The aggregate purchase price for the securities will be $19,000,001.48.

Each Warrant will permit the holder to purchase one share of common stock from Advanced Battery Technologies for a price of $4.70 per share. The Warrants will expire in five years.

We are making the offering and sale of the shares and warrants pursuant to a shelf registration statement on Form S-3 (Registration No. 333-161384) that was declared effective by the Securities and Exchange Commission on September 2, 2009, and a base prospectus dated as of the same date, as supplemented by a prospectus supplement to be filed with the Securities and Exchange Commission on October 1, 2009.



Item 9.01 Financial Statements and Exhibits

Exhibits

10-a Securities Purchase Agreement dated September 30, 2009 among Advanced Battery Technologies, Inc. and certain named Purchasers.

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