Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 463

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 463
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   |      638,000 |   |
| Interest payments made           |     |   |   (94,000 | ) |     |   |      (41,000 | ) |
|                                  |     |   | 5,544,000 |   |     |   |    5,597,000 |   |
| Less current portion of interest |     |   |   213,000 |   |     |   |      213,000 |   |
| Notes Payable – long-term        |     | $ | 5,331,000 |   |     | $ |    5,384,000 |   |

On October 25, 2024 (“Exchange Date”), the Company, its direct and indirect subsidiaries, as applicable and the Lender entered into a Debt Repayment and Exchange Agreement (the “DRE Agreement”), Loan, Guaranty and Security Agreement (the “New Loan Agreement”), the Pre-funded Warrants (as defined below) and the $ Warrants (as defined below) (collectively, the “Agreements”) to extinguish and terminate the Amended BTC Note (the “Exchange”).

Pursuant to the Agreements, the following consideration was exchanged with the Lender for the settlement of the Amended BTC Note:

•Approximately $ of the Amended BTC Note principal balance was converted into shares of the Company’s common stock (the “Shares Exchanged”), at an ascribed value of $ per share resulting in the issuance of shares of common stock to Lender, at a fair market value of $ per share (the quoted market price of the Company’s common stock on the Restructuring Date), or an aggregate value of approximately $.

•Warrants to purchase shares of common stock, which warrants are exercisable immediately, have a term and an exercise price of $ per share (the “Prefunded Warrants”), at a fair market value of $ per share (the quoted market price of the Company’s common stock on the Restructuring Date), or an aggregate value of approximately $.

•Warrants to purchase shares of common stock at an exercise price of$ per share (the $ warrants) which will expire in five-years from the date of the transaction for a total fair value of approximately $888,000 based on the Black Scholes fair value option-pricing model with key input variables provided by management, as of the date of issuance: volatility of 5.0%, the fair value of common stock $0.