Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 37

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 37
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 could constitute a change of control. Accordingly, under Nasdaq Rule 5635(b), the issuance of the Combined Company Common Stock as Merger Consideration in the Mergers will result in a “change of control” of Gryphon. Gryphon expects to issue up to approximately 7,022,405,992 shares of Combined Company Common Stock in connection with the Mergers (consisting of 1,256,317,056shares of Class A Common Stock and 5,766,088,936shares of Class B Common Stock), representing greater than 20% of Gryphon’s voting stock outstanding prior to the issuance. Accordingly, Gryphon is seeking stockholder approval of the issuance pursuant to the Merger Agreement under the Nasdaq rules. Q:Will the Combined Company Common Stock trade on an exchange? A:Shares of Gryphon Common Stock are currently listed on Nasdaq under the symbol “GRYP.” Gryphon has filed an initial listing application for the Class A Common Stock with the Nasdaq Stock Market LLC. Before the Closing, Gryphon will file the Proposed Charter with the Secretary of State of the State of Delaware and the issued and outstanding shares of Gryphon Common Stock will be reclassified into fully paid and nonassessable shares of Class A Common Stock. After Closing, Gryphon will be renamed “American Bitcoin Corp.” and it is expected that the Class A Common Stock will trade on Nasdaq under the symbol “ABTC.” It is a condition to the Closing that Gryphon will receive confirmation from Nasdaq that the Class A Common Stock has been approved for listing on Nasdaq, but there can be no assurance such listing condition will be met or that Gryphon will obtain such confirmation from Nasdaq. If such listing condition is not met or if such confirmation is not obtained, the Mergers will not be consummated unless the condition is waived. The Nasdaq condition set forth in the Merger Agreement is not expected to be waived by the applicable parties; however, if such condition is waived, Gryphon will not recirculate an updated proxy statement/prospectus, nor will it solicit a new vote of stockholders prior to proceeding with the Mergers. Accordingly, you are advised that Gryphon stockholders will not have certainty regarding the listing of the Combined Company’s shares at the time you are asked to vote at the Special Meeting. For more information, please see the section entitled “ Risk Factors — Risks Related to the Combined Company — Failure by the Combined Company to comply with the