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Class action lawsuits

Pomerantz LLP Investigates Claims of Securities Fraud Against American Battery Technology Company

Strategic Insights

— 1 min read

American Battery Technology Company ("American Battery" or the "Company") (NASDAQ: ABAT) has been the subject of an investigation by Pomerantz LLP on behalf of investors. The investigation concerns whether American Battery and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. The investigation was sparked by the Company's disclosure on October 15, 2025, that the U.S. Department of Energy ("DoE") had terminated its grant for the construction of a commercial scale facility for the manufacturing of battery cathode grade lithium hydroxide. The DoE was set to contribute $57.7 million towards the facility, while American Battery would have put in an equal amount. On this news, American Battery's stock price fell significantly, dropping $6.48 per share, or 57.19%, over the following three trading sessions, closing at $1.85 per share on October 17, 2025.

Key Takeaways:

  • Pomerantz LLP is investigating claims of securities fraud against American Battery Technology Company (NASDAQ: ABAT) on behalf of investors.
  • The investigation focuses on whether American Battery and certain of its officers and/or directors have engaged in unlawful business practices.
  • American Battery disclosed on October 15, 2025, that the U.S. Department of Energy had terminated its grant for the construction of a commercial scale facility.
  • The DoE was set to contribute $57.7 million towards the facility, while American Battery would have put in an equal amount.
  • On this news, American Battery's stock price fell $6.48 per share, or 57.19%, over the following three trading sessions.
  • Pomerantz LLP has a history of recovering multimillion-dollar damages awards on behalf of class members.
  • The Firm has extensive experience in corporate, securities, and antitrust class litigation.
  • Pomerantz LLP has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv.

Statistics:

  • American Battery's stock price fell 57.19% over three trading sessions following the announcement of the DoE's grant termination.
  • The total amount of the DoE's contribution to the facility was $57.7 million.
  • The Company's stock price closed at $1.85 per share on October 17, 2025.

Sources:

  • Pomerantz LLP
  • American Battery Technology Company (NASDAQ: ABAT)
  • U.S. Department of Energy (DoE)
  • Pomerantz LLP website

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