Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 37

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 37
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less a receivable of approximately $55,000, received in January 2025. The Company incurred legal fees of approximately $75,000 associated
with the Purchase Agreement. Pursuant to the terms of the Purchase Agreement, the Company sold in a registered direct offering an aggregate
of (i) 6,866,856 shares (the “Shares”) of the Company’s common stock, par value $0.00001 per share and (ii) warrants
to purchase 6,866,856 shares of the Company’s common stock at an exercise price of $1.50 per share, at a combined purchase price
per share and accompanying warrant equal to $0.40 for third-party investors and $0.516 for directors and officers of the Company.

22

At The Market Offering (ATM)

On April 19, 2024, the Company commenced a new
At The Market offering program with B. Riley Inc., Ladenburg Thalmann & Co. Inc., Kingswood Investments, a division of Kingswood Capital
Partners, LLC, Pl Financial (US) Corp. and ATB Capital Markets USA Inc., each respectively acting as sales agents, under which the Company
may offer and sell shares of its Common Stock from time to time through the sales agents having an aggregate offering price of up to $70,000,000.
For the six months ended June 30, 2025, the Company raised net proceeds of approximately $3,758,000, net of offering cost of approximately
$161,000, for the issuance of 7,269,348 shares.

Common Stock Issued for Services

In May 2025, the Company issued 530,737 and 530,738,
respectively, shares of the Company’s common stock for services rendered under a consulting contract, which were provided for the
Captus Energy acquisition. The Company determined the fair value of the shares at $0.52 per share, or $552,000, the closing price for
the Company’s common stock on the issuance date. As the Captus Energy acquisition was terminated the fair value of $552,000
was expensed an classified as merger and acquisition expenses.

In January 2025, the Company
entered into an investor relations consulting agreement. The agreement is for a period of six months with equal monthly payments of $12,500
and the issuance of 350,000 shares of the Company’s common stock.

In January 2025, the Company issued