Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 51

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 51
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 •the belief that the other terms of the Merger Agreement, including the parties’ representations, warranties and covenants and the conditions to their respective obligations, were reasonable in light of the entire transaction; •the limited number and nature of the conditions of the obligation of Gryphon to consummate the Mergers; •the scope and nature of the conditions to ABTC’s obligation to complete the Mergers, including with respect to the continued listing on Nasdaq of the Gryphon Common Stock, the continued eligibility of Gryphon to register securities on Form S -3under the Securities Act and the termination of the Captus Agreement, in each case prior to the Closing; •that the Class A Common Stock to be issued to ABTC stockholders will be registered under the Securities Act on Form S -4and is expected to be freely tradable by ABTC stockholders that are not affiliates of ABTC; •the ABTC Support Agreement, pursuant to which ABH, which is the controlling stockholder of ABTC and a wholly owned subsidiary of Hut8, has agreed to vote its shares of ABTC capital stock in favor of the adoption of the Merger Agreement and approval of the Mergers; •the ability to obtain a Nasdaq listing and the change of the Combined Company’s name to “American Bitcoin Corp.” prior to or as of the Closing; and •the likelihood that the Mergers will be consummated on a timely basis. The ABTC Board also considered a number of uncertainties and risks in its consideration of the Mergers and the other transactions contemplated by the Merger Agreement for a more complete description of the reasons for the ABTC Board’s approval of the Mergers, please see the section titled “ The Mergers — ABTC’s Reasons for the Approval of the Mergers.” Governance of the Combined Company Upon the Closing, the Combined Company will change its name to “American Bitcoin Corp.” and the business and affairs of the Combined Company will be managed under the direction of the Combined Company board of directors (the “ Combined Company Board”). 4

All of Gryphon’s current directors and executive officers are expected to resign from their positions as directors and executive officers of Gryphon, effective as of the Closing. The following table sets forth the name, age as of May 30, 2025 and position of each of the individuals who are expected to serve as executives and directors of the Combined Company following the Closing.

| Name                   |     | Age |     | Position                             |
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