International Battery Company has filed a notice of an exempt offering of securities to raise $27,352,000.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, International Battery Company, Inc. is raising up to $27,352,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About International Battery Company, Inc.
International Battery Company (IBC) is a full-service lithium-ion product company specializing in the design, development, and manufacturing of prismatic form factor cells for niche players in the mobility and storage sectors. IBC owns and operates a 50 MWh facility in Korea, where we bring our technology to life and deliver product. At this facility, we qualify our cells for performance and high-speed manufacturing, allowing us to prepare for giga-expansion. Our go-to-market product, a NMC-622 cell, offers 40% higher energy density compared to its LFP peers, without compromising cycle life or safety. To meet growing cell demand and expand our product accessibility, we plan to break ground on our first non-captive gigafactory in India in Q4 2024. IBCs mission is to broaden the accessibility of advanced cell technology for underserved players in mobility and storage. Whether you need our NMC product, a customized cell solution, or are simply a part of the value chain, feel free to reach out to our team!.
To learn more about International Battery Company, Inc., visit https://ibcbatt.com/
International Battery Company, Inc. Linkedin Page: https://www.linkedin.com/company/international-battery-company/
Contact:
Priyadarshi Panda, Chief Executive Officer
617-999-0486
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