Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 474

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 474
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,000 for the Time -basedRSUs. On June 19, 2023, the Company’s CFO was granted a time -basedequity grant of 675,058shares of the Company’s common stock pursuant to an equity incentive plan. The Equity Grant shall vest over a three (3) -yearperiod beginning on the Effective Date, subject to CFO’s continued employment with the Company through the relevant vesting date, in accordance with the following schedule. The equity award was valued as of the grant date at $2.42 per share for a total of $946,000. The Company was under a binding agreement to merge with Akerna as of the grant date. Therefore, the grant date fair value was estimated to be the per -sharevalue based on the exchange ratio defined in the Akerna Merger, as the Company believes that the Akerna trading is the most readily determined value in accordance with ASC 718 -10-55-10to 12. Akerna is publicly traded (Nasdaq: GRYP). The equity compensation expense for the three months ended March 31, 2025 amounted to approximately $17,000. On February 23, 2023, the Company entered into Independent Director agreements with two individuals. As part of the compensation for the agreements, the Company granted restricted stock of 84,210 to each of the directors for a total of 168,419shares of the Company’s common stock. The shares vest every six months in six equal installments of 14,035shares for a total of 28,070shares. The equity award was valued as of the grant date at $3.36 per share for a total of$328,000. The Company was under a binding agreement to merge with Akerna as of the grant date. F-29

Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.) Therefore, the grant date fair value was estimated to be the per -sharevalue based on the exchange ratio defined in the Akerna Merger, as the Company believes that the Akerna trading is the most readily determined value in accordance with ASC 718 -10-55-10to 12. Akerna is publicly traded (Nasdaq: GRYP). The equity compensation expense for the three months ended March 31, 2025 amounted to approximately $14