Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 53

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 53
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 indemnification and continued coverage under directors’ and officers’ liability insurance after the Closing and pursuant to the terms of the Merger Agreement. As of July 18, 2025, the directors and executive officers of Gryphon owned, in the aggregate, 5,748,410 of the outstanding shares of Gryphon Common Stock. The Gryphon Board was aware of these interests and considered them, among other matters, in the decision to approve the Merger Agreement and recommend approval of the Proposals. For more information, please see the section titled “ The Mergers — Interests of Gryphon’s Directors and Officers in the Mergers” in this proxy statement/prospectus.

5 U.S. Federal Income Tax Considerations For U.S. federal income tax purposes, the Mergers are intended to qualify as a “reorganization” within the meaning of Section 368(a)(1)(A) of the Code. As discussed more fully in the section titled “ U.S. Federal Income Tax Considerations,” if the Mergers, taken together, qualify for such intended tax treatment, then U.S. Holders that exchange their shares of ABTC Common Stock solely for Combined Company Common Stock will generally not recognize gain or loss on the exchange. Gryphon stockholders will not recognize gain or loss as a result of the adoption of the Charter Proposals or the Closing. Each holder of ABTC Common Stock should read the discussion set forth in the section titled “U.S. Federal Income Tax Considerations” and should consult their tax advisor with respect to the U.S. federal, state and local and non-U.S. tax considerations of the Mergers to them in light of their particular circumstances. Regulatory Approvals Under the Hart -Scott-RodinoAntitrust Improvements Act (the “ HSR Act”) and the rules that have been promulgated thereunder by the Federal Trade Commission (“ FTC”), certain transactions may not be consummated unless notifications have been given and information has been furnished to the Antitrust Division of the Department of Justice (“ DOJ”) and the FTC and certain statutory waiting period requirements have been satisfied. The Mergers may not be consummated until Notification and Report Forms under the HSR Act have been filed with the FTC and the DOJ and the applicable waiting period has expired or been terminated. On July18, 2025, such Notification and Report Forms were filed with the FTC and DOJ. At any time before or after Closing, the DOJ and the FTC could take such action under applicable ant