Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 16

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 16
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 an ISO either on or before the two -yearanniversary of the date of grant or on or before the one -yearanniversary of the date of exercise. “ DLLCA” means the Limited Liability Company Law of the State of Delaware. “ DOJ” means the United States Department of Justice. “ DPE Agreement” means the Debt Repayment and Exchange Agreement, dated October 25, 2025, by and among Gryphon, its direct and indirect subsidiaries, as applicable and Anchorage. “ EH / s” means exahash per second, which is a unit of measurement for measuring the speed at which cryptocurrency mining hardware operates. “ Equity Grant” means the time -basedequity grant to Simeon Salzman covering 390,800shares of Gryphon restricted stock. “ EV” means enterprise value. “ Exchange Act” means the Securities Exchange Act of 1934. “ Exchange Ratio” means the exchange ratio for shares of Class A Common Stock and Class B Common Stock to be issued to holders of ABTC Common Stock in the Mergers, as set forth in the Merger Agreement. “ Exclusivity Agreement” means the Exclusivity Agreement, dated March31, 2025, by and between ABTC and Hut8, providing that, until such time as both the MMSA and the MCSA (or any successor agreements) have expired or been terminated, Hut 8 and its affiliates will be the exclusive providers to ABTC of (i) hostingand colocation services with respect to all digital asset mining equipment owned by ABTC and (ii) digital asset mining operations services, whether pursuant to the MMSA or otherwise. viii “ Facility Fee” means the monthly facility fee that Gryphon is required to pay to Blockfusion under the Blockfusion Agreement. “ FASB” means the Financial Accounting Standards Board. “ FinCEN” means the Financial Crimes Enforcement Network. “ First Effective Time” means the effective time of the First Merger. “ First Merger” means the merger of Merger Sub Inc. with and into ABTC, with ABTC surviving such merger as a direct wholly owned subsidiary of Gryphon. “ First Merger Surviving Corporation” means ABTC following the First Merger. “ Foundry” means Foundry Digital LLC. “ Foundry USA Pool” means Foundry’s Bitcoin mining pool. “ FPPS” means Full Pay Per Share. “ FTC” means the Federal Trade Commission. “ FTX” means FTX Trading Ltd.