Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 561

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 561
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 on a “pass through” basis, to Parent for providing services under the Shared Services Agreement to ABTC. Put Option Agreement On March 31, 2025, in connection with the Transactions, ABTC entered into the Put Option Agreement with Parent (the “Put Option Agreement”), pursuant to which Parent has the right to sell to ABTC any ASIC Bitcoin miners purchased by Parent under an agreement between BITMAIN and Parent. Parent’s agreement with BITMAIN, in turn, provides for Parent’s right to purchase from BITMAIN up to approximately 17,280 Bitmain U3S21EXPH Bitcoin miners for a maximum aggregate purchase price of approximately $320 million, not including any applicable tariffs, duties or similar charges. Under the terms of the Put Option Agreement, Parent has the right to cause ABTC, at any time and from time to time ending on the 30 thday following the termination of the purchase option period under Parent’s agreement with BITMAIN and the delivery of all Bitcoin miners purchased by Parent thereunder, to purchase all or any amount of the Bitcoin miners, at the same per -unitprice as is paid to BITMAIN and without any additional markup, premium or administrative charge thereon, subject to specified exceptions in the event that ABTC does not (at any time Parent’s put right is exercised) have sufficient legally available funds to pay the applicable purchase price. Net parent investment The net transfers to and from the parent discussed above were as follows:

|                                                                           | (in USD thousands) | Three Months Ended 
 March 31,          |     2025 |   |     |   |   2024 |   |
|:--------------------------------------------------------------------------|:-------------------|:-------------------|---------:|:--|:----|:--|-------:|:--|
| Cash pooling and general financing activities                             |                    | $                  |   24,889 |   |     | $ | (1,967 | ) |
| Corporate allocations                                                     |                    |                    |   14,368 |   |     |   | 12,341 |   |
| Legal contribution of mining operations to ABTC                           |                    |                    | (951,556 | ) |     |   |      — |   |
| Distribution to parent                                                    |                    |                    |  115,757 |   |     |   |      — |   |
| Net transfers from parent per Condensed Combined Statements of Cash Flows |                    |                    | (796,542 | ) |     |   |