Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 337

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 337
---
.

189 ABTC EXECUTIVE And Director COMPENSATION Narrative of Executive Compensation ABTC has two executive officers, each of whom are expected to continue with the Combined Company following the Closing. Michael Ho is the Chief Strategy Officer and Director of Hut 8 and is expected to continue in that role following the Closing. Mr. Ho was appointed as Executive Chairman and Director of ABTC on March 31, 2025 and did not receive any additional compensation or compensation adjustment in connection with this appointment. It is anticipated that, effective as of the Closing, Mr.Ho will be appointed Chief Executive Officer of the Combined Company. It is expected that the Combined Company Board will determine the appropriate compensation and benefits for Mr. Ho following the Closing. Prior to March 31, 2025, Mr. Ho was not an employee or officer of ABTC and Mr. Ho received no compensation or benefits from ABTC in 2024. Immediately following the Closing, the Chief Executive Officer of ABTC, Matt Prusak, is expected to serve as President of the Combined Company. Mr. Prusak joined ABTC on March 31, 2025 and pursuant to an offer letter dated June4, 2025 (the “ Prusak Offer Letter”) he will receive the compensation and benefits described below. Prior to March 31, 2025, Mr. Prusak was not an employee or officer of ABTC and Mr. Prusak received no compensation or benefits from ABTC in 2024. Other than the Prusak Offer Letter, ABTC does not currently maintain or sponsor any compensation or employee benefits programs or arrangements. Following the Closing, Messrs. Genoot, Ho and Mr. Prusak are expected to participate in the compensation and benefits programs of the Combined Company; however, the Compensation Committee of the Combined Company Board, as then -constituted, may choose to implement compensation programs for the Combined Company’s executive officers that are different from the current Gryphon programs. Executive Chairman Effective as of the Closing, Mr.Genoot is anticipated to be appointed Executive Chairman of the Combined Company. Mr.Genoot is Chief Executive Officer and a Director of Hut 8 and is expected to continue in those positions following the Closing. It is expected that the Combined Company Board will determine the appropriate compensation and benefits for Mr.Genoot following the Closing. Prior to the Closing, Mr.Genoot has not been and is not expected to become an employee of ABTC and has not previously received any compensation or benefits from ABTC