Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 68

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 68
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 and ABTC stockholders generally. Risks Related to Gryphon •Gryphon’s stock price is volatile and subject to significant fluctuations, and may decline regardless of its operating performance and you may not be able to resell your shares at or above the purchase price. •Gryphon’s executive officers, directors and principal stockholders, if they choose to act together, will continue to control or significantly influence all matters submitted to stockholders for approval. •There can be no assurance that Gryphon will continue to be able to comply with the continued listing standards of Nasdaq. Risks Related to ABTC •ABTC is expected to be highly concentrated in Bitcoin. Bitcoin is a highly volatile asset and fluctuations in the price of Bitcoin are likely to influence ABTC’s business, financial condition and results of operations and the value of ABTC’s securities. •ABTC may be unable to purchase Bitcoin miners at scale or face delays or difficulty in obtaining new Bitcoin miners at scale. •ABTC may be subject to additional risks associated with holding Bitcoin for its own account. •ABTC’s operations, investment strategies and profitability may be adversely affected by competition from other methods of investing in Bitcoin. •ABTC’s operations are dependent upon maintaining a good relationship with Hut 8. •ABTC may experience liquidity constraints and may need to raise additional capital. In addition, ABTC expects to raise additional capital to execute its strategy. ABTC may be unable to raise the additional capital needed to operate and grow its business. •ABTC’s business may be heavily impacted by geopolitical, social, economic and other events and circumstances in the United States, Canada or elsewhere. •ABTC is an early -stagecompany with limited operating history. •ABTC’s operations are subject to various legal, regulatory, governmental and technological uncertainties. Risks Related to the Combined Company •If any of the events described in “Risks Related to Gryphon” or “Risks Related to ABTC” occur, those events could cause potential benefits of the Mergers not to be realized. 14 •There has been no prior public market for ABTC’s common stock or the Class A Common Stock and the price of the Class A Common Stock may be volatile or may decline regardless of the Combined Company’s operating performance. •The proposed multi -classcapital structure of the Combined Company will concentrate voting control with Hut 8 and certain of the Combined Company’s other principal shareholders, who will have the ability to control the direction of its business and significantly influence all matters submitted to stockholders