Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 409

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 409
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,941,856shares of Gryphon Common Stock at an exercise price of $1.50 per share (the “ Common Warrants”), at a combined purchase price per share and accompanying Common Warrant equal to $0.40 for third -partyinvestors and $0.516 for directors and officers of the Company. The offering closed on January 14, 2025. Jessica Billingsley purchased 48,412shares of Gryphon Common Stock and 48,412 accompanying Common Warrants for $25,000. Dan Tolhurst, Brittany Kaiser and Heather Cox each purchased 96,824shares and 96,824 accompanying warrants for $50,000. Steve Gutterman purchased 77,459shares and 77,459 accompanying warrants for $40,000. Eric Gallie purchased 145,236shares and 145,236 accompanying warrants for $75,000. Sim Salzman purchased 19,365shares and 19,365 accompanying warrants for $10,000. An affiliate of Jimmy Vaiopoulos purchased 48,412shares and 48,412 accompanying warrants for $25,000. ABTC Transactions Stock Purchase and Contribution Agreement On March 31, 2025, ABH entered into a Contribution and Stock Purchase Agreement with ADCand the stockholders of ADC, pursuant to which ABH contributed to ADC substantially all of the Bitcoin miners then wholly owned by Hut 8 and its affiliates, at an aggregate book value of approximately $120 million, in exchange for newly issued shares of ABTC Class B Common Stock representing, in the aggregate, 80.0% of the issued and outstanding capital stock of ADC. At the closing of the Contributions, ADC changed its name to “American Bitcoin Corp.” 235 Master Colocation Services Agreement On March 31, 2025, in connection with the Contributions, ABTC entered into the MCSAwith USDMG. The MCSA and the service orders under the MCSA provide for certain affiliates of Hut 8 to provide ABTC with colocation and hosting services for ABTC -ownedmining equipment at Hut 8 -ownedor leased facilities, on specific terms set forth in service orders to the MCSA. Under the terms of the MCSA, ABTC pays to USDMG (or its applicable affiliate that owns or leases the facility at which ABTC Bitcoin miners are hosted) fees generally consisting of a monthly recurring charge, as set forth in each service order, plus 100% of the costs, fees, disbursements and