Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 360

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 360
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        |    9,000 |   |     |   6.4 |            |
| Corporate stock expense                   |     |   |    49,000 |     |   |         — |     |        |   49,000 |   |     | 100.0 |            |
| Other expenses                            |     |   |   279,000 |     |   |   152,000 |     |        |  127,000 |   |     |  83.6 |            |
| Total general and administrative expenses |     | $ | 3,000,000 |     | $ | 2,461,000 |     | $      |  539,000 |   |     |  21.9 | %          |

Professional fees increased to $1,143,000 for the three months ended March 31, 2025, from $1,048,000 for the three months ended March 31, 2024. The increase of $95,000 relates to an increase in (i) accounting fees of approximately $12,000 and (ii) legal fees of approximately $83,000.

202

Investor and public relations expenses decreased to $733,000 for the three months ended March 31, 2025, from $887,000 for the three months ended March 31, 2024. The decrease is due to a decline in the use of consultants by the Company’s for its public exposure. Included in the $733,000 investor and public relations expenses for the three months ended March 31, 2025 and 2024 was approximately $109,000 and $0, respectively, of non -cashexpense related to the fair value of common stock issued to consultants. Salaries and wages increased to $646,000 for the three months ended March 31, 2025, from $233,000 for the three months ended March 31, 2024. The increase of $413,000 is due (i) a first quarter 2025 bonus accrual of approximately $209,000 for our executive officers and (ii) $204,000 of compensation for the three new directors, one additional executive employee hired during the fourth quarter of 2024. Corporate stock expense increased to $49,000 for the three months ended March 31, 2025, from $0 for the three months ended March 31, 2024. The increase of $49,