Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 258

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 258
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 |     | •   Amendments to the provisions of the Proposed Charter related to indemnification of directors and officers of the Combined Company shall not adversely affect or diminish in any way the rights of any such director or officer to indemnification or person entitled to advancements with respect to any action, suit or proceeding arising out of or relating to any actions, transactions or facts occurring prior to such amendment;           
 •   Amendments to the provisions of the Proposed Charter related to the business opportunities of certain stockholders of the Combined Company shall not eliminate or reduce the rights of such stockholders in respect of any business opportunities first identified or any other matter occurring or any cause of action, suit or claim that, but for such provisions of the Proposed Charter, would accrue or arise, prior to such amendment; and 
 •   For so long as any shares of Class B Common Stock are outstanding, amendments to the provisions of the Proposed Charter related to the designations and rights of the common stock of the Combined Company require the affirmative vote of the holders of at least eighty percent (80%) of the shares of Class B Common Stock outstanding at the time of such vote, voting as a separate series.                                                  |

Reasons for the Advisory Charter Proposals The Proposed Charter was negotiated as part of the Mergers and, in the judgment of the Gryphon Board, is necessary to be reflected in the Proposed Charter and advisable to facilitate the Mergers and the needs of the Combined Company. In particular: Advisory Charter Proposal 3 — Name The Gryphon Board believes that changing Gryphon’s corporate name from “Gryphon Digital Mining, Inc.” to “American Bitcoin Corp.” is desirable to reflect the Mergers with ABTC and to clearly identify the Combined Company as the publicly traded entity.

135 Advisory Charter Proposal 4 — Number of Authorized Shares The Proposed Charter would increase the total number of authorized shares of capital stock from (i) 150,000,000shares of Gryphon Common Stock, par value $0.0001 per share and 5,000,000shares of Gryphon preferred stock, par value $0.0001 per share, to (ii) 500,000,000,000shares of Class A Common Stock, par value $0.0001 per share, 10,000,000,000shares of Class B Common Stock, par value $0.0001 per share, 100,000,000,000shares of Class C Common Stock, par value $0.0001 per share, and 100,