Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 130

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 130
---
 material adverse effect on Gryphon or ABTC, including, but not limited to:

●any changes in conditions generally affecting United States
or global economic, business, regulatory conditions, including changes in United States or global securities, credit, financial, debt
or other capital markets;

●conditions (or changes in such conditions) in the currency,
Bitcoin mining, cryptocurrency, electricity, power or natural gas industry (including changes in cryptocurrency prices, commodity prices,
general market prices and regulatory changes affecting the industry);

●general changes in national or international political conditions
(including the imposition of or changes in international tariffs, sanctions, trade policies or disputes or any “trade war”
and any cessation, outbreak or escalation of hostilities, any acts of war or terrorism or any other national or international calamity,
crisis or emergency);

●acts of God, natural disasters, calamities, disease outbreaks
or pandemics;

●any failure, in and of itself, by ABTC or any of its subsidiaries
to meet any internal or published projections, forecasts, estimates or predictions in respect of revenues, earnings or other financial
or operating metrics for any period;

●the execution and delivery of the ABTC Merger Agreement, the public
announcement thereof, the pendency of the ABTC Merger Agreement, the impact thereof on the relationships of ABTC and its subsidiaries,
with customers, suppliers or partners or the Closing;

●any changes after the date of the ABTC Merger Agreement not announced
prior to the date of the Merger Agreement in any applicable law or U.S. generally accepted accounting principles (“U.S. GAAP”),
including, in each case, the authoritative interpretation or enforcement thereof;

●any action required by a governmental authority pursuant to
antitrust laws in connection with the Mergers; and

●any action or omission taken by ABTC pursuant to the prior written
request of Gryphon, subject to certain exceptions set forth in the ABTC Merger Agreement.

Certain officers and directors of Gryphon
have interests in the Mergers that may be different from or in addition to, the interests of Gryphon stockholders generally.

Some of Gryphon’s directors and officers
have interests in the Mergers that are different from Gryphon’s stockholders generally and that may influence them to support or
approve the Mergers without regard to the interests of Gryphon’s other stockholders. For example:

●based on the terms of his employment agreement, Steve Gutterman,
the Company’s Chief Executive Officer,