Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 262

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 262
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 be entitled to receive from Gryphon in connection with the Mergers is summarized in the table entitled “ Golden Parachute Compensation,” under “ Gryphon Executive Compensation” beginning on page 173 of this proxy statement/prospectus. That summary includes all compensation and benefits that will or may be paid by Gryphon to its named executive officers in connection with the Mergers. The Gryphon Board encourages you to review carefully the “golden parachute” compensation information disclosed in this proxy statement/prospectus. The Gryphon Board unanimously recommends that the stockholders of Gryphon approve the compensation that will or may become payable by Gryphon to its named executive officers in connection with the Mergers, as disclosed pursuant to Item 402(t) of Regulation S -Kin the Golden Parachute Compensation table and the related narrative disclosures. The vote on the “golden parachute” compensation proposal is a vote separate and apart from the vote on the Required Proposals. Accordingly, you may vote to approve the Required Proposals and vote not to approve the “golden parachute” compensation proposal and vice versa. Because the vote on the “golden parachute” compensation proposal is advisory only, it will not be binding on either Gryphon or ABTC. Accordingly, if the Required Proposals are adopted and the Mergers are completed, the compensation payments that are contractually required to be paid by Gryphon to its named executive officers will or may be paid, subject only to the conditions applicable thereto, regardless of this outcome of the advisory (non -binding) vote of Gryphon stockholders. Vote Required for Approval As discussed above, the Advisory Golden Parachute Proposal is an advisory vote and therefore is not binding on Gryphon or the Gryphon Board. Furthermore, the Mergers are not conditioned on the separate approval of the Advisory Golden Parachute Proposal. Recommendation of the Gryphon Board GRYPHON’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT
STOCKHOLDERS VOTE “FOR” THE Advisory Golden Parachute Proposal. 139

The Plan Amendment Proposal (Proposal 9) Overview of the Plan Amendment Proposal The 2024 Plan was originally adopted on February 9, 2024, in connection with the Akerna Business Combination. The Gryphon Board will approve the 2025 Plan subject to stockholder approval at the Special Meeting. If the 2025 Plan is approved by Gryphon’s stockholders, it will become effective as of the Closing Date (the “ Effective Date”). Gryphon