Electra announces agreement regarding outstanding convertible notes interest and filing of second quarter 2024 financial reports

Toronto--(business wire)---- $elbm--electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra” or the “company”) is pleased to announce that the company and the holders of us$51 million principal amount of 8.99% senior secured convertible notes have agreed that all accrued interest owing to august 15, 2024, on the convertible notes will be “paid-in-kind,” not in cash, and added to the outstanding principal amount of the notes. as a result of this agreement, the company will issue additi.
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