Highbridge Capital Management LLC Files Schedule 13G for Electra Battery Materials Corp

Highbridge Capital Management LLC has filed a Schedule 13G with the SEC, disclosing its beneficial ownership of 9.9% of the common shares of Electra Battery Materials Corp. The filing indicates that Highbridge holds 9,291,272 common shares, representing 9.9% of the outstanding shares. The filing also mentions that Highbridge holds warrants to purchase an additional 23,539,577 common shares, but these warrants cannot be exercised due to a 9.9% ownership blocker. The filing serves as an amendment to previous Schedule 13D filings and reflects the termination of a group arrangement among Highbridge and other convertible noteholders following the consummation of a restructuring transaction. The filing emphasizes that the shares are held in the ordinary course of business and not for the purpose of influencing control of the issuer.