Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 285

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 285
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, plus the preliminary estimate of intangible assets acquired by ABTC in the Transactions. (d)To reflect the preliminary estimate of goodwill arising from the excess of the purchase consideration over the fair value of tangible and intangible assets acquired and liabilities assumed by ABTC in the Transactions. (e)To reflect the loss of deposit on the Gryphon Captus site that is not going to be developed by the Combined Company. (f)To reflect the accrual of $1.6 million in severance payments in connection with the Transactions, $0.5 million in compensation expected to be paid to certain Gryphon employees, and the $0.3 million loss on deposit related to Captus.

157 (g)To reflect the pay down of Gryphon accounts payable and accrued liabilities using funds raised from the sale of shares through at -the -market offerings . (h)To reflect the repayment of Gryphon debt through issuance of shares of common stock and the cashless exercise by Anchorage of the Anchorage warrants. (i)Adjustment to reflect the exchange of ABTC Class B Common Stock for Class B Common Stock. (j)To reflect the settlement of subscription receivables with Gryphon investors. The pro forma adjustments included to unaudited pro forma condensed combined statement of operation for the three months ended March 31, 2025, are as follows: (k)Reclassification of stock -based compensation expense to be in conformity of ABTC’s presentation. (l)To record the expense related to $1.6 million in severance payments in connection with the Transactions, $0.5 million in compensation expected to be paid to certain Gryphon employees, and loss of $0.9 million related to Captus deposit. (m)Reclassification of merger and transaction expenses related to previous merger attempts by Gryphon that were not consummated. (n)To reflect the impact to depreciation as a result of fair value adjustment to Gryphon property and equipment. (o)Elimination of interest expense related to Gryphon debt eliminated upon the Closing. (p)Adjustment to net loss per share — basic and diluted from (1) the issuance of 24,285,214 shares of Gryphon Common Stock underlying certain Gryphon warrants, RSUs, options, and at -the -market issuances and (2) the exchange of 50,500,000 shares of ABTC Class B Common Stock for Class B Common Stock at the exchange ratio resulting in holders of ABTC Common Stock owning approximately