Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 17

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 17
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 Merger, as calculated pursuant to the terms set forth in the Merger Agreement. “ Class B Common Stock” means Class B common stock, par value $0.0001 per share of the Combined Company. “ Class B Merger Consideration” means the shares of Class B Common Stock to be issued at the First Effective Time as consideration for the First Merger, as calculated pursuant to the terms set forth in the Merger Agreement. “ Class B Stockholders” means the holders of Class B Common Stock and their respective officers, directors, directors of their subsidiaries, employees, agents, stockholders, members, managers, partners, representatives, affiliates or subsidiaries. “ Closing” means the closing of the Mergers. “ Closing Date” means the date on which the Closing actually occurs. vii “ Code” means Internal Revenue Code of 1986, as amended. “ Code of Ethics” means Gryphon’s code of ethics applicable to its directors, officers and employees. “ Coinbase” means Coinbase Custody Trust Company, LLC. “ Coinmint” means Coinmint LLC. “ Coinmint Facility” means Coinmint’s hydro powered facility in Massena, New York. “ Combined Company” means Gryphon following the Mergers. “ Combined Company Board” means the board of directors of the Combined Company. “ Common Warrants” means warrants to purchase 6,941,856shares of Common Stock at an exercise price of $1.50 per share, issued in connection with the SPA. “ Company” means Gryphon. “ Contributions” means the transactions contemplated by the Contribution and Stock Purchase Agreement dated March31, 2025, by and between ABH and 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 $120million, 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. “ CST” means Continental Stock Transfer & Trust Company. “ DGCL” means the General Corporation Law of the State of Delaware. “ Director Agreement” means the Director Agreement, dated May 12, 2021, by and between Gryphon and Brittany Kaiser. “ Disqualifying Disposition” means a scenario where a grantee under the 2024 Plan disposes of shares issued upon exercise on an ISO either on or before the two -yearanniversary of the date of grant or on or