Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 286

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 286
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 136,560 |

The purchase consideration, for the purposes of presenting the accompanying pro forma condensed combined financial statements, will depend on the market price of Gryphon Common Stock on the date of Closing. The following table illustrates the effects of change in the price of Gryphon Common Stock and the resulting impact on the purchase consideration:

|              |     | Price per Share 
 of Gryphon      
 Common Stock    |      |     | Purchase      
 Consideration 
 (in ‘000s)    |         |
|:-------------|:----|:----------------|-----:|:----|:--------------|--------:|
| As presented |     | $               | 1.32 |     | $             | 136,560 |
| 20% increase |     | $               | 1.58 |     | $             | 163,872 |
| 20% decrease |     | $               | 10.6 |     | $             | 109,248 |
| 40% increase |     | $               | 1.85 |     | $             | 191,184 |
| 40% decrease |     | $               | 0.79 |     | $             |  81,936 |

4.Pro Forma Adjustments The pro forma adjustments are based on the management of Gryphon’s and the management of ABTC’s preliminary estimates and assumptions. Actual results, including the final purchase consideration for accounting purposes, may differ significantly from such preliminary estimates and assumptions. Accordingly, the purchase consideration is considered preliminary and may materially change before final determination at the Closing. The changes would affect the values assigned to tangible or intangible assets and the amount of depreciation and amortization expense recorded in the Combined Company’s financial statements. The pro forma adjustments included in the unaudited pro forma condensed combined balance sheet as of March 31, 2025, are as follows: (a)To reflect the settlement of deposit of cash to a third -party . (b)To reflect the fair value adjustments of Gryphon’s fixed assets acquired by ABTC in the Transactions, offset by accumulated depreciation. (c)To reflect fair value adjustment of Gryphon’s carrying intangibles, plus the preliminary estimate of intangible assets acquired by ABTC in the Transactions. (d)To reflect the preliminary estimate of goodwill arising from the excess of the purchase consideration over the fair value of tangible and intangible assets acquired and liabilities assumed by ABTC in the Transactions. (e)To reflect the loss of deposit on