Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 24

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 24
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D Corp. “ Substitute Grant” means an award under the 2024 Plan or 2025 Plan, as applicable, that is made to substitute or assume outstanding awards granted by another company, whether in connection 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