Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 509

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 509
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143,759(CAD $ 200,000) and issue shares of the Company’s common stock valued at CAD$ 800,000which would be priced at a 5 -dayVWAP (“Captus Shares”) and such shares to be placed escrow account. The Captus Shares would be refundable to the Company if the Captus Energy transaction did not occur. As of December 31, 2024, the Company paid the cash deposit of approximately $ 144,000, and the Captus Shares issuance was not completed. Also, the Company has incurred acquisition -relatedcosts of approximately $ 153,000. See Note 13 — Subsequent Events for a detailed description of the Captus Energy transaction. RepairBit LLC On November 25, 2024, the Company entered into a term sheet (“RepairBit Acquisition”) for the acquisition RepairBit LLC (“RepairBit”) a bitcoin mining repair vendor. The aggregate RepairBit purchase price is $ 5,000,000, less any non -refundabledeposits, which is payable in shares of the Company’s common stock. In December 2024, the Company paid refundable deposits of $ 300,000. As of December 31, 2024, the RepairBit Acquisition was not completed. Erikson National Energy Inc. On December 9, 2024, the Company entered into an asset purchase and sale agreement (the “Erikson Purchase Agreement”) with Erikson National Energy Inc. (“Erikson”), a Canadian corporation under the laws of the Province of Alberta. Erikson commenced proposal proceedings under the Bankruptcy and Insolvency Act (Canada) (“BIA”) on October 1, 2024 by filing a Notice of Intention to Make a Proposal, pursuant to section 50.4 of the BIA, and KSV Restructuring Inc. was named as proposal trustee. Pursuant to an order of the Court of King’s Bench of Alberta (the “Court”) granted on October 21, 2024, the Court approved a sale and investment solicitation process (“SISP”) in respect of the sale of the assets and properties of Erikson. As part of the SISP, the Company and Erikson entered into the Court -approvedPurchase Agreement pursuant to which the Company agreed to purchase substantially all of Erikson’s assets for a purchase price of CAD $ 2,000,000, subject to certain adjustments as provided for in the Purchase Agreement. Pursuant to the Erikson Purchase