Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 38

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 38
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 283,333 shares
of the Company’s common stock as payment for a consulting agreement.

Restricted common stock units

The table below summarizes the compensation expense
related to the Company’s restricted stock awards for the six months ended June 30:

    2025  
    2024 
  
    Directors 

    October 1, 2024 – 1,914,580 Directors’ share grant of common stock 
    $435,000  
    $- 
  
    February 23, 2023 - 168,419 share grant of common stock 
     24,000  
     70,000 

    Employees 

    December 17, 2024 – VP Energy 500,000 share grant of common stock 
     61,000  
     - 
  
    September 30, 2024 – CEO 1,671,682 share grant of common stock 
     274,000  
     - 
  
    June 19, 2023 – CFO 675,058 share grant of common stock 
     17,000  
     278,000 

    Total 
    $811,000  
    $348,000 

    Number of Units  
    Weighted Average Grant-date Per Share Fair Value 
  
    Balance as of December 31, 2024 
     4,620,511  
    $0.78 
  
    Granted 
     -  
    $- 
  
    Issued 
     (894,244) 
    $0.96 
  
    Forfeited 
     (148,060) 
    $0.63 
  
    Balance as of June 30, 2025 
     3,578,207  
    $0.67 

23

As of June 30, 2025, there
was approximately $756,000 unrecognized compensation expense related to the service-based RSUs, which is expected to be recognized over
a remaining weighted-average vesting period of approximately 1.2 years.

On December 17, 2024 (“Grant Date”),
the Company’s Senior Vice President of Energy (“VP Energy”) was granted a time time-based equity grant of 500,000 shares
of the Company’s common stock pursuant to an equity incentive plan. The Equity Grant shall vest over a four (4)-year period beginning
on the Grant Date, subject to VP