Edwards, CO — April 10, 2024 — Battle Financial, Inc., a privately held Edwards, CO-based company (the “Company”) and the trailblazing force behind building the latest direct bank, Battle Bank N.A. (in organization) (the “Bank”), announced today that it is offering for sale up to $14.75 million in original principal amount of its Convertible Promissory Notes (the “Notes”). The Company has engaged Patrick Capital Markets, LLC as Managing Dealer in the offering. The announcement was made by Frank Trotter, President of the Company.
Interest will accrue on the principal balance of each Note at a rate of 7.0%, compounded annually, and principal and unpaid interest on each Note will convert into shares of the Company’s common stock. The applicable conversion price per Share and other terms and conditions of the Notes are specified in the offering documents which can be accessed through the Company’s investor portal specified below.
The Notes are being offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended.
“At its core, we believe that banking is a very good business. It’s the basics that are being overlooked. We intend to offer value and premium service to our clients, lending in markets that we know well, and managing our balance sheet conservatively,” said Trotter. “We also believe that there is a community of like-minded consumers, who follow independent financial research and really think on their own, do their own investing, make their own decisions. This is the community that the founders of the Company have engaged with in the past, and we plan to do so again.”
Rick Rule, a member of the Company’s board of directors and outspoken critic of today’s branch banks states, “I’m currently a customer of four big financial supermarkets. But suffice it to say that even though I am a private banking client of very large financial firms, I’ve been astonished by the low level of service that I’ve received from each of the institutions. Make no mistake, I ought to be a very profitable customer to each of them. But my relationship with these institutions would best be described as sullen, verging on mutinous, and isn’t the relationship that I should enjoy with them.”
For additional information about the Company and Battle Bank, and to request the Company’s 506(c) offering materials, please visit battlebank.com/invest.
About Battle Financial, Inc. and Battle Bank N.A. (in organization)
The Company intends to operate Battle Bank to revolutionize banking for the better. In operating Battle Bank, our goal will be to offer a client-first approach to banking with access to unique solutions – from regular banking solutions, foreign currency deposits, market index CDs, self-directed IRAs and non-FDIC-insured precious metals. For more information about the Company and Battle Bank, please visit www.battlebank.com.
Important Notice Regarding the Notes
All securities are being offered by the Company and not by its proposed subsidiary, Battle Bank, which is currently in its organizational phase and not yet open for business. The Notes are not deposits of Battle Bank and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.
This press release does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction. This press release does not contain material terms and conditions relevant to the Notes. Terms are specified in the offering documents which can be accessed through the Company’s investor portal at www.battlebank.com/invest.
Forward-Looking Statements
The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments that are difficult to predict. We cannot guarantee future performance, or that future developments affecting the Company or the Bank will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.
You should not place undue reliance on any forward-looking statements and should not make an investment decision based on these forward-looking statements or the information provided in this press release which is not all-inclusive.
For media inquiries, please contact:
Jason Coots
Chief Marketing Officer
Email: [email protected]
Phone: (904) 402-6755
