Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 534

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 534
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 amounted to $ 0and $ 66,000, respectively. On October 20, 2021, the Company entered into an agreement with an individual to continue service to the Company. As compensation, the consultant was granted 17,274shares of the Company’s common stock, and all of the Shares shall vest over a period of two (2) years in accordance with the following vesting schedule: 4,318Shares will vest on the six -monthanniversary of the Effective Date, 4,318Shares will vest on the first -yearanniversary of the Effective Date, 4,318Shares will vest on the eighteen -monthanniversary, and the 4,318Shares will vest on the second -yearanniversary of the Effective Date. The equity award was valued as of the grant date at $ 39.48per share for a total of $ 380,000. The Company was under a binding agreement to merge with Sphere 3D as of the grant date. Therefore, the grant date fair value was estimated to be the per -sharevalue based on the exchange ratio as defined in the Sphere 3D Merger Agreement, as the Company believes that the Sphere 3D trading is the most readily determinable value in accordance with ASC 718 -10-55-10to 12. Sphere 3D is publicly traded (Nasdaq: ANY). Compensation expenses for the year ended December 31, 2024 and 2023 amounted to $ 0and $ 154,000, respectively. F-69

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.)

Warrants

Transactions involving warrants are as follows for the year ended December 31,:

| 2024                                |     |  Number of 
     Shares |   |     | Weighted       
 Average Strike 
 Price/Share    |       |     |     Weighted 
      Average 
    Remaining 
  Contractual 
 Term (Years) |     | Weighted        
 Average Grant   
 Date Fair Value |      |     | Weighted        
 Average         
 Intrinsic Value |      |
|:------------------------------------|:----|-----------:|:--|:----|:---------------|------:|:----|-------------:|:----|:----------------|-----:|:----|:----------------|-----:|
|