Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 22

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 22
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 25, 2024, by and among Gryphon, its direct and indirect subsidiaries, as applicable and Anchorage. “ NOL” means net operating loss. “ Non -CIC Severance” means the severance and benefits due to Steve Gutterman under the Gutterman Agreement upon a Qualifying Termination of his employment. “ NSOs” means nonstatutory stock options. “ NYDIG” means New York Digital Investment Group. “ Okapi” means Okapi Partners. “ Offering” means the offering of Shares pursuant to the ATM. “ OTC Bulletin Board” means the former electronic quotation service provided by the Financial Industry Regulatory Authority for over -the-countertrade data for U.S. stocks. “ Other Grants” means other forms of grants valued in whole or in part by reference to or otherwise based on, shares, including the appreciation in value thereof (e.g., options or stock rights with an exercise price or strike price less than 100% of the fair market value of the shares at the time of grant) may be granted either alone or in addition to other grants provided for in the 2025 Plan. “ Ownership Date” means July 28, 2025. “ Panel” means the Nasdaq Hearing Panel. xi “ Pink Sheets” means over -the-countertrading. “ Plan Administrator” means one or more Officers or Employees designated by the Committee to administer the day -to-dayoperations of the Plan and the Company’s other equity incentive programs. “ PPP Loan” means the loan that Gryphon obtained from KeyBank pursuant to the Paycheck Protection Program under the CARES Act. “ Pre -Funded Warrants” means the warrants to purchase 3,530,198shares of Gryphon Common Stock at an exercise price of $0.01 per share issued to Anchorage as part of the restructuring of the Anchorage Loan. These warrants were exercised in full on a cashless basis on June24, 2025. “ Proposals” means the matters to be voted on at the Special Meeting by Gryphon stockholders. “ Proposed Bylaws” means the proposed amended and restated bylaws of the Combined Company to be effective as of the date of the Closing. “ Proposed Charter” means the proposed amended and restated certificate of incorporation of the Combined Company to be adopted prior to the Closing. “ PTO” means paid time off. “ PSUs” means performance stock units. “ Qualifying Termination” means a termination of Steve Gutterman’s employment under the G