Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 476

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 476
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, 2023, the Company entered into Independent Director agreements with two individuals. As part of the compensation for the agreements, the Company granted restricted stock of 84,210to each of the directors for a total of 168,419shares of the Company’s common stock. The shares vest every six months in six equal installments of 14,035shares for a total of 28,070shares. The equity award was valued as of the grant date at $ 3.36per share for a total of$ 328,000. The Company was under a binding agreement to merge with Akerna as of the grant date. F-29

Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.)

Therefore, the grant date fair value was estimated to be the per-share value based on the exchange ratio defined in the Akerna Merger, as the Company believes that the Akerna trading is the most readily determined value in accordance with ASC 718-10-55-10 to 12. Akerna is publicly traded (Nasdaq: GRYP). The equity compensation expense for the three months ended March 31, 2025 amounted to approximately $.

Warrants

Transactions involving warrants are as follows for the Three months ended March 31, 2025:

|                                  |     |  Number of 
     Shares |     | Weighted    
 Average     
 Strike      
 Price/Share |      |     |    Weighted 
     Average 
   Remaining 
 Contractual 
        Term 
     (Years) |     | Weighted   
 Average    
 Grant Date 
 Fair Value |      |     | Weighted  
 Average   
 Intrinsic 
 Value     |      |
|:---------------------------------|:----|-----------:|:----|:------------|-----:|:----|------------:|:----|:-----------|-----:|:----|:----------|-----:|
| Outstanding – December 31, 2024  |     |  5,530,198 |     | $           | 0.55 |     |        9.68 |     | $          | 0.55 |     | $         | 0.39 |
| Granted                          |     |  6,866,856 |     |             | 1.50 |     |        9.79 |