Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 69

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 69
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 for approval. •Hut 8’s interests may conflict with the interests of the Combined Company and its other stockholders. •The Combined Company will rely on exemptions from certain Nasdaq corporate governance requirements for controlled companies. •Future sales and issuances of the Combined Company’s Common Stock or rights to purchase common stock, including pursuant to the 2025 Plan, could result in dilution and could cause the Combined Company’s Common Stock price to fall. •The historical financial information of ABTC presented herein may not be representative of its results or financial condition if ABTC had been operated as a standalone public company and as a result may not be representative of the Combined Company’s results or financial condition after the Mergers. •The unaudited pro forma condensed combined financial information presented herein may not be representative of the Combined Company’s results after the Mergers. •The market price of the Combined Company’s Common Stock may decline following the Closing. •The rights of ABTC stockholders who become Combined Company stockholders in the Mergers and Gryphon stockholders following the Mergers will be governed by the Proposed Charter. Market Price and Dividend Information The closing price of Gryphon Common Stock on May 9, 2025, the last trading day prior to the public announcement of the Mergers, was $0.52 per share and the closing price of Gryphon Common Stock on May 12, 2025 was $1.42 per share, in each case as reported on Nasdaq. As of July 25, 2025, which is the Record Date for the Special Meeting, there were approximately 268 holders of record of Gryphon Common Stock. Because the market price of Gryphon Common Stock is subject to fluctuation, the market value of the shares of Combined Company Common Stock that ABTC stockholders will be entitled to receive in the Mergers may increase or decrease. ABTC is a private company and ABTC Common Stock is not publicly traded. Appraisal Rights and Dissenters’ Rights Under the DGCL, Gryphon stockholders are not entitled to appraisal or dissenters’ rights in connection with the Mergers. Under the DGCL, ABTC stockholders who hold voting common stock are entitled to appraisal rights in connection with the Mergers. For more information, please see the section titled “ The Mergers –– Appraisal Rights and Dissenters’ Rights” in this proxy statement/prospectus. 15 Dividends Gryphon has not paid any cash