NEW YORK, Nov. 26, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Battery Future Acquisition Corp. (NYSE: BFAC), relating to the proposed merger with Class Over, Inc. Under the terms of the agreement, Class Over has been given an enterprise value of approxi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 001-41158 Battery Future Acquisition Corp. (Exact name of registrant as specified in its charter) | --- | --- | |---- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 001-41158 Battery Future Acquisition Corp. (Exact name of registrant as specified in its charter) | --- | --- | |--------- ...

Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: First National Corporation has entered into a definitive agreement with Touchstone Bankshares, Inc. Under the terms of the proposed transaction, Touchstone shareholders will receive 0.8122 shares of First National stock for each share of Touchstone stock. NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareho ...

Financial Performance - As of March 31, 2024, the company reported a net income of $3,453,001, primarily due to a favorable change in fair value of warrant liabilities of $1,272,819 and interest earned on investments held in the trust account of $669,170[230] - The company reported general and administrative expenses of $88,584 for the three months ended March 31, 2024, a decrease from $420,692 for the same period in 2023[234] - The company had a basic and diluted net income per share of $0.25 for both Class A and Class B ordinary shares for the three months ended March 31, 2024, compared to $0.05 for the same period in 2023[234] Cash and Working Capital - The company had $32,949 in cash and a working capital deficit of $(36,892) as of March 31, 2024, compared to $111,819 in cash and a working capital deficit of $(4,614,345) as of December 31, 2023[231] - Approximately $68.2 million (approximately $10.88 per share) was removed from the Trust Account due to the redemption of 6,266,236 Class A ordinary shares, leaving approximately $56.3 million in the Trust Account[240] Business Combination and Trust Account - Following the First Redemption, approximately $242.4 million (approximately $10.51 per share) was removed from the Trust Account, leaving approximately $119.6 million remaining[213] - The company has the option to extend the time to complete a Business Combination by up to twelve one-month extensions, with recent extensions costing $250,000 each[227] - The company extended the period to consummate a Business Combination by depositing $250,000 into the Trust Account on three occasions, enabling extensions to November 17, 2023[227] - On November 14, 2023, shareholders approved an extension of the Combination Period to June 17, 2024, without additional deposits into the Trust Account[215] Initial Public Offering - The company completed its initial public offering on December 17, 2021, raising gross proceeds of $345 million from the sale of 34,500,000 units at $10.00 per unit[222] - The underwriters earned a cash underwriting discount of 2.0% of the gross proceeds of the IPO, amounting to $6,900,000, and a marketing fee of 5.0% upon completion of a Business Combination, which was later waived[235] Future Expectations - The company expects to incur increased expenses due to being a public company, including legal, financial reporting, and due diligence expenses related to business combination efforts[217] - The company anticipates generating non-operating income in the form of interest income on marketable securities held after the Public Offering[217] Share Structure - As of May 15, 2024, the company had 5,170,599 Class A ordinary shares and 8,625,000 Class B ordinary shares outstanding[233] - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[244]

Risks Relating to our Management Team We may seek business combination opportunities in industries or sectors that may be outside of our management's areas of expertise. Table of Contents Members of our management team have significant experience as founders, board members, officers, executives or employees of other companies. Certain of those persons have been, may be, or may become, involved in litigation, investigations or other proceedings, including related to those companies or otherwise. The defense ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share, par value $0.0001, and one-half of one redeemable warrant BFAC.WS The New York Stock Exchange ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 777 Brickell Ave #500-97545 Miami, Florida 33131 (Address of principal executive offices, including zip ...

In connection with the shareholders' vote at the extraordinary general meeting, holders of 23,063,075 Class A ordinary shares exercised their right to redeem such shares (the "Redemption") for a pro rata portion of the funds held in the Trust Account. As a result, approximately $242.4 million (approximately $10.51 per share) was removed from the Trust Account to pay such holders and approximately $119.6 million remained in the Trust Account. As a result of the Redemption, we have 20,061,925 ordinary shares ...

The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. The Company's management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Recent Accounting Pronouncements On December 17, 2021, the Company consummated its IPO of 34,500,000 Units at a purchase price of $10.00 per Unit, which included the exercise of the un ...

Financial Performance - For the year ended December 31, 2022, the company reported a net income of $21,252,998, driven by a favorable change in fair value of warrant liabilities of $17,743,846 and interest earned on investments of $5,075,607, offset by general and administrative expenses of $1,566,455[35]. - Net income for the year ended December 31, 2022, was $21,252,998, compared to $6,375,125 for the period from July 29, 2021, through December 31, 2021[175]. - General and administrative expenses for the year ended December 31, 2022, amounted to $1.57 million, compared to $189,239 for the prior period, indicating a substantial increase in operational costs[145]. - Interest earned on investments held in the Trust Account for the year ended December 31, 2022, was $5.08 million, compared to $888 for the prior period, showcasing a significant rise in investment income[145]. - The change in fair value of warrant liabilities for the year ended December 31, 2022, was $17.74 million, compared to $6.88 million for the prior period, indicating increased volatility in warrant valuations[145]. - Net cash used in operating activities for the year ended December 31, 2022, was $(626,609), an improvement from $(892,009) in the previous period[175]. Capital Structure - The company has two classes of shares, Class A and Class B, with earnings and losses shared pro rata between them[68]. - The weighted average shares outstanding of Class A redeemable ordinary shares was 34.5 million for the year ended December 31, 2022, compared to 3.32 million for the prior period, indicating a significant increase in share issuance[145]. - The company has 8,625,000 Class B ordinary shares issued and outstanding as of December 31, 2022[191]. - Class A ordinary shares subject to possible redemption totaled 34,500,000 shares at an approximate redemption value of $10.35 per share as of December 31, 2022[191]. IPO and Fundraising - The company completed its IPO of 34,500,000 Units at a purchase price of $10.00 per Unit on December 17, 2021[119]. - The company raised a total of $16,300,000 through the purchase of 16,300,000 Private Placement Warrants, each exercisable at $11.50 per share[152]. - The company raised $338,100,000 from the sale of 34,500,000 units, net of underwriting discounts, during the Public Offering[175]. - The IPO was consummated on December 17, 2021, with 34,500,000 units sold at $10.00 per unit, generating gross proceeds of $345 million[212]. - Transaction costs related to the IPO amounted to $7,607,233, including $6,900,000 in underwriting commissions[213]. Business Operations - The company is positioning itself as a vertically integrated producer of lithium processing technology, battery components, and battery recycling technology, aiming to access all facets of the lithium value chain[50]. - The company has established a nationwide collection and processing business for spent batteries through its subsidiary, Envirostream Australia Pty Ltd, which holds intellectual property for processing technologies[50]. - The company has been focused on preparing for the Public Offering and searching for a prospective Business Combination target since its inception on July 29, 2021[64]. - The company will provide public shareholders the opportunity to redeem shares at a price equal to the amount in the trust account, calculated two business days prior to the initial Business Combination[216]. Governance and Management - The company has a board of directors consisting of seven members, with terms divided into three classes, each serving a three-year term[55]. - The company’s management is responsible for establishing adequate internal control over financial reporting, which may not prevent or detect misstatements due to inherent limitations[45]. - The compensation committee is responsible for reviewing and approving the compensation of all Section 16 executive officers[116]. - The company’s audit committee is responsible for pre-approving all audit services and permitted non-audit services[114]. - The company’s nominating and corporate governance committee is responsible for screening and reviewing individuals qualified to serve as directors[89]. Liquidity and Going Concern - The Company has until June 14, 2023, to consummate a Business Combination, with uncertainty regarding the ability to do so[66]. - If a Business Combination is not completed by the deadline, there will be a mandatory liquidation and potential dissolution of the Company[66]. - The company has substantial doubt about its ability to continue as a going concern if it cannot raise additional funds by June 14, 2023[166]. - Management has determined that the liquidity condition and potential mandatory liquidation raise substantial doubt about the Company's ability to continue as a going concern[223]. Accounting and Compliance - The Company adopted ASU 2020-06 on July 29, 2021, which simplifies accounting for certain financial instruments and amends diluted earnings per share guidance[69]. - The Company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[71]. - The company’s management evaluated the effectiveness of its disclosure controls and procedures as of December 31, 2022, concluding they were effective[72]. - The company has adopted a Code of Business Conduct and Ethics applicable to its directors, officers, and employees, promoting ethical standards and compliance[123].