Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 39

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 39
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 Energy’s continued employment with the Company through the relevant vesting date, in accordance
with the following schedule. The equity award was valued as of the grant date at $0.477 per share for a total of $239,000. The grant date
fair value was estimated to be fair value of the Company’s common stock on the Grant Date. The equity compensation expense for the
six months ended June 30, 2025 amounted to approximately $61,000.

As of the resolution date
October 31, 2024, with an effective date of October 1, 2024, there were seven board members entitled to the annual equity award of $160,000
and one board member entitled to the committee chair retainer of $40,000 (as further disclose in NOTE 8 - COMMITMENTS AND CONTINGENCIES).
As of October 1, 2024, the grant date, a total of 1,914,580 shares of the Company’s common stock, based on a VWAP of $0.61 per share.
The fair value of the shares as of the grant date was $1,200,000. The equity compensation expense for the six months ended June 30, 2025
amounted to approximately $435,000.

On September 30, 2024, the grant date, the Company’s
board of directors approved the issuance of the RSUs, pursuant to the CEO Agreement (as further described NOTE 8 - COMMITMENTS AND CONTINGENCIES).
The equity compensation expense for the six months ended June 30, 2025 amounted to approximately $0 for the Market- based RSUs and approximately
$274,000 for the Time-based RSUs. On June 6, 2025, the Company regained compliance with the NASDAQ listing rules, which was the requirement
for the vesting of the Market-based RSUs. As of June 30, 2025, the Company had not issued the 557,228 shares of the Company’s
common stock. See Note 11 – Subsequent Events.

On June 19, 2023, the Company’s CFO
was granted a time-based equity grant of 675,058 shares of the Company’s common stock pursuant to an equity incentive plan.
The Equity Grant shall vest over a three (3)-year period beginning on the Effective Date, subject to CFO’s continued
employment with the Company through the relevant vesting date, in accordance with the following schedule. The equity award was