Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 543

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 543
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”), a wholly -ownedsubsidiary, and on March 30, 2025, transferred substantially all of Parent’s wholly -ownedASIC miners to ABH as a transfer under common control. On March 31, 2025, under the Agreement, ABH acquired shares of Class B Common Stock of ADC representing 80% of the total and combined voting power and 80% of the issued and outstanding equity interests of ADC in exchange for ABH’s ASIC miners, representing the business of ABTC. In connection with the Transactions, ADC was renamed American Bitcoin Corp. In connection with the Transactions, Parent and ABTC entered into a Master Services Agreement and a Master Colocation Services Agreement providing for Parent and its personnel to perform day -to-daycommercial and operational management services and ASIC colocation services to ABTC, respectively, in each case on an exclusive basis for so long as such agreements remain in effect. Parent and ABTC also entered into a Shared Services Agreement, pursuant to which Parent and its personnel would provide back -officesupport services to ABTC. F-80

American Bitcoin Corp.
Notes to the Combined Financial Statements Note 1. Description of business, the transactions and basis of presentation (cont.) The following table presents a reconciliation of the unaudited condensed combined balance sheet of ABTC as of March 31, 2025, prior to the effectiveness of the Transactions, and the unaudited condensed balance sheet of ABTC as of March 31, 2025, following the effectiveness Transactions:

| Assets                                      
 Current assets                              |     | ABTC’s        
 Combined      
 Balance Sheet |           |   |     | Legal        
 Contribution |          |   |     | ABTC’s        
 Balance Sheet |         |
|:--------------------------------------------|:----|:--------------|----------:|:--|:----|:-------------|---------:|:--|:----|:--------------|--------:|
| Cash                                        |     | $             |         — |   |     | $            |        — |   |     | $             |       — |
| Deposits and prepaid expenses               |     |               |    36,920 |   |     |              |  (36,920 | ) |     |               |       — |
| Derivative assets                           |     |               |    21,397 |   |     |              |  (21,397 | ) |     |               |       — |
| Digital assets – pledged for miner purchase |     |               |