Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 515

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 515
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 the Restructuring Date), or an aggregate value of 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 $ 0.01per share (the “Prefunded Warrants”), at a fair market value of $ 0.612per 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 $ 1.50per share (the $ 1.50warrants) which will expire in five -yearsfrom the date of the transaction for a total fair value of approximately $ 888,000based on the Black Scholes fair value option -pricingmodel with key input variables provided by management, as of the date of issuance: volatility of 115.0%, the fair value of common stock $ 0.612estimated life of 5.0 years, risk -freerate of 4.07% to 4.72% and dividend rate of nil. F-58

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 7 — NOTE PAYABLE (cont.)

•A $ note payable (the “Note Payable”) pursuant to the New Loan Agreement.

•A director specified by Lender was added to the board of directors.

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).

•-time payment of in the amount of $5,000,000 on October25, 2027

•Annual interest rate of % 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 $ per share of common stock and the remaining half at a price of $ 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-in capital so the conversion