Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 461

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 461
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 approximately $5,072,000. •Warrants to purchase 3,530,198shares of common stock, which warrants are exercisable immediately, have a ten -yearterm and an exercise price of $0.01 per share (the “Prefunded Warrants”), at a fair market value of $0.612 per share (the quoted market price of the Company’s common stock on the Restructuring Date), or an aggregate value of approximately $2,160,000. •Warrants to purchase 2,000,000shares of common stock at an exercise price of$1.50 per share (the $1.50 warrants) which will expire in five -yearsfrom the date of the transaction for a total fair value of approximately $888,000 based on the Black Scholes fair value option -pricingmodel with key input variables provided by management, as of the date of issuance: volatility of 5.0%, the fair value of common stock $0.612 estimated life of 5.0 years, risk -freerate of 4.07% to 4.72% and dividend rate of nil. •A $5,000,000 note payable (the “Note Payable”) pursuant to the New Loan Agreement. •A director specified by Lender was added to the board of directors.

F-22

Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 7 — NOTE PAYABLE (cont.) The terms of the Note Payable include the following: •The outstanding principal and interest are denominated in dollars (as opposed to the original Bitcoin Loan that was denominated in bitcoin). •One -timepayment of in the amount of $5,000,000 on October25, 2027 •Annual interest rate of 4.25% payable monthly. •The Lender has been given a first priority lien on all the Company and its subsidiaries’ assets. •The Lender may convert half of the outstanding principal at a price of $1.10 per share of common stock and the remaining half at a price of $1.50 per share of common stock (for purposes of classifying the Restructured Loan, it was concluded that the conversion option did not meet the requirements to be bifurcated and classified as a derivative, nor was there a large premium paid that would be classified as an addition to paid -incapital so the conversion