Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 532

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 532
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 over a period of two (2) years in accordance with the following vesting schedule: 4,318 Shares will vest on the six -monthanniversary of the Effective Date, 4,318 Shares will vest on the first -yearanniversary of the Effective Date, 4,318 Shares will vest on the eighteen -monthanniversary, and the 4,318 Shares will vest on the second -yearanniversary of the Effective Date. The equity award was valued as of the grant date at $39.48 per share for a total of $380,000. The Company was under a binding agreement to merge with Sphere 3D as of the grant date. Therefore, the grant date fair value was estimated to be the per -sharevalue based on the exchange ratio as defined in the Sphere 3D Merger Agreement, as the Company believes that the Sphere 3D trading is the most readily determinable value in accordance with ASC 718 -10-55-10to 12. Sphere 3D is publicly traded (Nasdaq: ANY). Compensation expenses for the year ended December 31, 2024 and 2023 amounted to $0 and $154,000, respectively. F-69

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.) Warrants Transactions involving warrants are as follows for the year ended December 31,:

| 2024                                |     |  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, 2023     |     |  1,844,781 |   |     | $              |  9.84 |     |         0.55 |     | $               | 1.36 |     | $               |    — |
| Granted                             |     |  5,