Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 139

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 139
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 or legal developments; 55 •the level of expenses related to operations; •the Combined Company’s failure to achieve its goals in the timeframe it announces; •announcements of acquisitions, strategic alliances or significant agreements by the Combined Company; •recruitment or departure of key personnel; •the economy as a whole and market conditions in the Combined Company’s industry; •trading activity by stockholders who may own or transact in significant amounts of Class A Common Stock; •the size of the Combined Company’s public float; •political uncertainty and/or instability in the United States; and •any other factors discussed in this proxy statement/prospectus. In addition, the equity markets have experienced extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many digital asset mining and cryptocurrency companies. Stock prices of many digital asset mining and cryptocurrency companies have fluctuated in a manner unrelated or disproportionate to the operating performance of those companies. In the past, stockholders have filed securities class action litigation following periods of market volatility. If the Combined Company were to become involved in securities litigation, it could subject the Combined Company to substantial costs, divert resources and the attention of management from the Combined Company’s business and adversely affect its business, financial condition and results of operations. The proposed multi-class capital structure of the Combined Company will concentrate voting control with Hut 8 and certain of the Combined Company’s other principal shareholders, who will have the ability to control the direction of its business and significantly influence all matters submitted to stockholders for approval. A number of provisions relating to the proposed multi -classstructure of the Combined Company’s Common Stock are rare or otherwise not common among other corporations with multiple class structures. For instance, each share of Class B Common Stock will be entitled to 10,000 votes per share, each share of Class C Common Stock will be entitled to ten (10) votes per share and each share of Class A Common Stock will be entitled to one vote per share. Additionally, the Proposed Charter will provide that transfers by holders of Class B Common Stock and Class C Common Stock will not result in those shares converting to Class A Common Stock. Moreover, the Proposed Charter will not provide for any automatic conversion of shares of Class B Common Stock and Class C Common Stock into Class A Common Stock, regardless of identity of the holders thereof or the size of their holdings of the same. See “ Description of Combined Company Capital Stock” in this proxy statement/prospectus. Upon the Closing, Hut 8 will own 80% of