Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 476

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 476
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|:------------|:----|:--|:-------------|
| Assets:               |     |   |               |     |   |             |     |   |             |     |   |              |
| Marketable securities |     | $ |       115,000 |     | $ |     115,000 |     | $ | —           |     | $ | —            |
| Digital assets        |     | $ |     1,016,000 |     | $ |   1,016,000 |     | $ | —           |     | $ | —            |

The Company determines the fair value of its assets and liabilities based on the quoted market prices as of March 31, 2025 and December 31, 2024. For the marketable securities the market value is based on the quoted market price on the US exchange. For the digital assets and BTC Note, the Company used the quoted market price per Coinbase. NOTE 11 — SUBSEQUENT EVENTS The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The management of the Company determined there are no reportable events for the three months ended March 31, 2025, except for the following. Merger Agreement On May 9, 2025, the Company, GDM Merger Sub I Inc., a Delaware corporation and wholly owned direct subsidiary of Gryphon (“Merger Sub Inc.”), GDM Merger Sub II LLC, a Delaware limited liability company and wholly owned direct subsidiary of Gryphon (“Merger Sub LLC”), and American Bitcoin Corp., a Delaware corporation (“ABTC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). Mergers and Merger Consideration The Merger Agreement provides that, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement: •Merger Sub Inc. will merge with and into ABTC, with ABTC surviving the merger (the “First Merger”) as a wholly owned direct subsidiary of Gryphon (the corporation surviving the First Merger, the “First Merger Surviving Corporation”); and •immediately after the First Merger, the First Merger Surviving Corporation will merge with and into Merger Sub LLC, with Merger Sub LLC surviving the merger (the “Second Merger” and, taken together with the First Merger, the “Mergers”) as a wholly owned direct subsidiary of