2023 Shareholder Letter
In September 2023, we announced share consolidation in preparation for listing on a major exchange, and CEO Ryan Melsert issued a shareholder letter to provide further context and information in regards to this milestone. The letter provides a summary of progress achieved, excitement to continue to scale and grow our operations, and the steps to finalizing ABTC’s listing on Nasdaq.
“We are grateful to have been traded on the over-the-counter exchange for the past several years; however, we have recently been trading at many –times over the average monthly dollar trading volume of average OTC-listed companies, and many of our prospective investors and partners necessitate us to be traded on a national exchange in order to finalize our agreements. We have had an application pending to move our listing to the Nasdaq exchange for quite some time, and we have set three milestones that we have wanted achieved before finalizing this process:
- To have a world class board of directors in place, establishing our governance and oversight processes
- To be transitioning into revenue-generating operations with the commissioning of our first battery recycling facility
- To have identified partnerships for the commercial-scale supply of feed materials and for the offtake of our products
As we have now achieved these critical milestones, we are excited to be taking the last steps to finalize our listing on the Nasdaq exchange to enable our future growth and partnership development.”
~ABTC CEO and CTO, Ryan Melsert
Read the complete 2023 shareholder letter here.
2022 Shareholder Letter
In January 2022, Ryan Melsert issued his first shareholder letter as CEO. The letter lays out his initial direction for the company, and highlights our unique position as a company based in innovation and disruption.
“While there are many companies that construct and operate multiple large commercial facilities with mature processing train flowsheets, it is in the design, development, and optimization of innovative and unconventional processes where ABTC focuses. We as a team have the rare combination of skill sets and experiences to balance physics-based first-principles analytical modeling to define the workspace, with physical bench chemistry and fabrication of integrated systems to validate the operations, and economic and lifecycle impact modeling to assess the competitiveness of the technologies within the market.”
“I still wake up each morning humbled by the confidence you have placed in me, awestruck by the opportunity at our fingertips, and steadfast to help drive this company to its goals.”
~ABTC CEO and CTO, Ryan Melsert
Read the complete 2022 shareholder letter here.
ABTC Annual Shareholders’ Meeting 2023
On Tuesday, December 12, 2023, we hosted our Annual Shareholders’ Meeting. ABTC shareholders authorized all resolutions submitted to the vote including:
- Election of Julie Blunden, Rick Fezell, Elizabeth Lowery, Sherif Marakby, and Ryan Melsert to serve as directors until the next Annual Meeting of Shareholders or until their successors are duly elected and qualified.
- Appointment of Marcum, LLP as the independent registered public accounting firm for the fiscal year ended June 30, 2023.
Following the meeting ABTC’s CEO Ryan Melsert provided a business update on the progress of the company.
A webcast of the presentation is available for one year at www.virtualshareholdermeeting.com/ABTC2023.
ABTC Board of Directors
ABTC has established three BOD Committees that include an Audit Committee, a Nomination and Governance Committee, and a Compensation Committee.
Ryan Melsert Reflects on His First Week as CEO
In September 2021, Ryan Melsert was appointed as the CEO. Ryan’s appointment was part of a leadership transition to prioritize the company’s technology development and commercialization efforts and to position the company for long-term growth.
Ryan talks about his first week in his new role as CEO and CTO at American Battery Technology Company.
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