Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 37

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 37
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 outstanding and entitled to vote at the Special Meeting is represented in person, online or by proxy at the Special Meeting. In the absence of a quorum, the chairman of the meeting has the power to adjourn the Special Meeting. As of the Record Date, 41,066,335 shares of Gryphon Common Stock would be required to achieve a quorum. Q:Do ABTC’s stockholders need to approve the Mergers? A:Yes. The affirmative vote of a majority of the voting power of the issued and outstanding ABTC Common Stock is required to adopt the Merger Agreement and approve transactions contemplated thereby, including the Mergers. Pursuant to the Merger Agreement, ABTC has agreed, as promptly as reasonably practicable after the Registration Statement (as described in more detail in the section titled “ The Merger Agreement — Filing of Registration Statement”) becomes effective under the Securities Act, to obtain the requisite approval of the ABTC stockholders in the form of an irrevocable written consent. Concurrently with the execution of the Merger Agreement, American Bitcoin Holdings LLC (“ ABH”), an ABTC stockholder, entered into a voting and support agreement with Gryphon (the “ ABTC Support Agreement”) pursuant to which ABH has agreed to vote its shares of ABTC Common Stock in favor of the adoption of the Merger Agreement and approval of the transactions contemplated thereby. As of the date of this proxy statement/prospectus, ABH holds approximately 80.0% of the aggregate voting power of the issued and outstanding shares of ABTC Common Stock. For more information, see the sections titled “ The Merger Agreement — Efforts to Obtain Stockholder Approvals” and “ Agreements Related to the Merger Agreement — ABTC Support Agreement.” xxiii Q:What interests do ABTC’s current directors and officers have in the Mergers? A:ABTC’s directors and officers have interests in the Mergers that are different from or in addition to (and which may conflict with) those of Gryphon stockholders generally. These interests include, among other things, the fact that: •certain ABTC stockholders affiliated with ABTC’s directors currently hold shares of ABTC capital stock and ABH, which is a wholly owned subsidiary of Hut8, beneficially owns a majority of the voting power of the outstanding ABTC Common Stock. Asher Genoot, a director of ABTC, is the Chief Executive Officer of ABH and Hut 8 and Michael Ho, a