ABTC is doing the same thing that LAC did not long ago when LAC did it as a preliminary move in order to obtain access to listing on the NYSE.

ABTC's version:

"Reno, Nev., September 11, 2023 — American Battery Technology Company (ABTC) (OTCQX: ABML), an integrated critical battery materials company that is commercializing both its primary minerals manufacturing and secondary minerals lithium-ion battery recycling technologies, today announced that the ABTC board of directors approved a 1-for-15 reverse split of its common stock effective at 9:00 a.m. Eastern Time on Monday, September 11, 2023.  ABTC’s common stock will continue to trade on OTCQX Markets (“OTC”) under the symbol “ABML” and will begin trading on a split-adjusted basis when the market opens on Monday, September 11, 2023.

The company’s board of directors approved the reverse stock split with the objective of uplisting the company’s shares to The Nasdaq Capital Market (Nasdaq). As a result of the reverse stock split, every 15 shares of common stock issued and outstanding as of the effective date will be automatically combined into one share of common stock. The reverse stock split will not change the terms of the common stock."

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