Company: ABTC
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001213900-25-077441
Chunk: 2

Company: American Bitcoin Corp.
Filing Date: 2025-08-15
Form: 424B3
Chunk 2
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On February 14, 2025,
members of Gryphon’s management held in-person meetings with several investment bankers in New York. The purpose of these meetings
was to discuss Gryphon’s position in the market and to evaluate feedback on potential strategic alternatives for Gryphon, including
the possibility of a business combination in which Gryphon would be acquired by a third party. The feedback from the investment bankers
was that Gryphon would likely need to undertake a strategic transaction because it lacked the size, scale and capital to effectively compete
against larger competitors. Gryphon’s management was encouraged by the generally positive reception to the possibility of such a
transaction.

Amending and restating the eighth full paragraph on page 76 as follows (with new text in underline):

On April 6, 2025, representatives
of EGS, legal counsel to Gryphon, sent to representatives of ABTC and Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”),
legal counsel to ABTC, a revised draft of the term sheet. Among other things, the revised term sheet was contemplated to be binding with
respect to the proposed transaction and provided for a $20 million termination fee payable to Gryphon by ABTC in the event that
the parties failed to enter into a definitive agreement for the proposed transaction prior to the end of a 90 day exclusive negotiation
period. The term sheet was a more detailed version of the term sheet signed on April 5, and accordingly added specificity around
exclusivity terms, break-up fees, capital usage and stockholder lock-up agreements.

Amending and restating the eighth full paragraph on page 77 as follows (with new text in underline):

On April 18, 2025, representatives
of Skadden sent to Gryphon and EGS an initial draft of the Merger Agreement and a legal due diligence request list.

Amending and restating the tenth full paragraph on page 77 as follows (with new text in underline):

On April 24, 2025, Gryphon
provided representatives of ABTC and Skadden with access to a virtual data room containing nonpublic information about Gryphon. From April 24,
2025 until the signing of the Merger Agreement, ABTC and Skadden conducted further due diligence with respect to Gryphon.

The disclosure in the section titled “The Mergers—Opinion of Marshall & Stevens” beginning on page 80 of the Definitive Proxy Statement/Prospectus is hereby amended by:

Am