Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 24

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 24
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 with an acquisition of such other company or otherwise. “ Superior Proposal” has the meaning set forth in the section titled “ The Merger Agreement — No Solicitation by Gryphon.” “ Target Bonus” means Jessica Billingsley’s target Annual Bonus pursuant to the Billingsley Agreement. “ Tax Related Items” means the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account, employment tax, stamp tax or other tax -relateditems related to a grantee’s participation in the 2024 Plan or 2025 Plan, as applicable and legally applicable to a grantee thereunder. “ Ten Percent Holder” means a person who directly or by attribution owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Combined Company or of any parent or subsidiary. “ Term” means the term of the Blockfusion Agreement. “ Terms Agreement” means the Terms Agreement, dated April 19, 2025, by and between the Company and Ladenburg Thalmann & Co. Inc. “ TSR” means total shareholder return. “ U.S. GAAP” means U.S. generally accepted accounting principles. “ USAA” means United Services Automobile Association. “ USDMG” means U.S. Data Mining Group, Inc., a Nevada corporation and a wholly owned subsidiary of Hut 8. “ U.S. Holders” see the section titled “ The Mergers — Certain Material U.S. Federal Income Tax Consequences.” “ Voting Covenant Expiration Date” means the termination of the Gryphon Anchorage Support Agreement. “ Voting Threshold Date” means the date at which the holders of Class B Common Stock cease to represent at least 50% of total voting power of the outstanding shares of capital stock of the Combined Company then entitled to vote generally in the election of directors. “ VWAP” means Volume Weighted Average Pricing. xiii EXPLANATORY NOTE Gryphon On February 9, 2024, Gryphon, consummated a business combination (the “ Akerna Business Combination”) pursuant to the Akerna Merger Agreement by and among the Company, Akerna Merger Sub and Legacy Gryphon, following approval thereof at a special meeting of the Company’s stockholders held on January 29, 2024. Pursuant to the terms of the Akerna Merger Agreement, a business combination between the Company and Legacy Gryphon was effected through the merger of Akerna Merger Sub with and into Legacy Gryphon, with Legacy Gry