Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 164

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 164
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 ABTC Bylaws (the “ ABTC Bylaws”) contain indemnification obligations pursuant to which ABTC’s directors and executive officers are indemnified for reasonable expenses and liabilities incurred in connection with any action or proceeding brought against them by reason of the fact that they are or were agents of ABTC. ABTC believes that the ABTC Charter provisions and ABTC Bylaws provisions are necessary to attract and retain qualified persons as directors and officers. For a discussion of the indemnification and insurance provisions related to ABTC directors and officers under the Merger Agreement, please see the section of this proxy statement/prospectus titled “ The Merger Agreement — Indemnification, Exculpation and Insurance.” Certificate of Incorporation and Bylaws of the Combined Company Pursuant to the Merger Agreement, prior to the Closing, the Gryphon Charter will be amended and restated to be in the form of the Proposed Charter included in this proxy statement/prospectus as Annex B. Gryphon and ABTC also expect that, upon the Closing, the Bylaws will be amended and restated to be in the form attached to the Merger Agreement as Exhibit B and this proxy statement/prospectus as Annex I, to incorporate necessary changes for consistency with the Proposed Charter and to make certain other changes that the Gryphon Board deems appropriate for the Combined Company. For additional information regarding the Proposed Charter, see the sections of this proxy statement/prospectus titled “ The Charter Proposal (Proposal 2)” and “ Comparison of Rights of Holders of ABTC and Combined Company Common Stock.” Name and Headquarters of the Combined Company The name of the Combined Company will be “American Bitcoin Corp.” and its headquarters will be located in Miami, Florida. 73 Background of the Mergers The following chronology summarizes the key meetings and events that led to the signing of the Merger Agreement. The following chronology does not catalogue every conversation among the respective parties, their boards of directors and management, their respective representatives or other parties. The terms of the Merger Agreement are the result of arm’ s -length negotiations between the Gryphon Board and management team and the ABTC Board and management team, along with their respective advisors. The following is a summary of the events leading up to the decision by the Gryphon Board to explore strategic alternatives, the process undertaken by the Gryphon Board and its management team to evaluate ABTC and the negotiation of the Merger Agreement with ABTC. This discussion of the Mergers is qualified by reference to the Merger Agreement