SEAPORT GLOBAL ACQUISITION II overview

NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. (Nasdaq: SGII) (the “ Company ”), a special purpose acquisition company, today announced the final per share redemption value for its Class A redeemable shares. As previously announced on November 20, 2023, the Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter. As a result, the Company will redeem all of the remaining outstanding shares of Class A common stock that...

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. (Nasdaq: SGII) (the “ Company ”), a special purpose acquisition company, today announced that it has terminated the previously announced agreement and plan of merger (the “merger agreement”) with American Battery Materials, Inc. The Company also announced today that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate...

Expected to accelerate American Battery Materials’ transition into a leading provider of domestically sourced Lithium critical to the global energy transition ABM is focused on environmentally friendly direct lithium extraction (DLE) that is more cost-effective, faster-to-production, and less capital intensive versus traditional mining processes Estimated Post-Transaction Enterprise Value of $225 Million Upon closing, the combined company's ordinary shares are expected to be listed on Nasdaq...