Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 292

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 292
---
 for all Bitcoin accumulated by ABTC since inception of Hut8, as all Bitcoin accumulated by ABTC until March 31, 2025 was retained by Hut 8 upon the consummation of the Contributions. Management of Gryphon and the management of ABTC believe that adjusting these gains and losses in the unaudited pro forma condensed combined statements of operations would better reflect the Combined Company’s financial results as (i) the Combined Company intends to accumulate Bitcoin, which would result in mark -to-marketimpacts on the Combined Company’s balance sheet for each reporting period and (ii) following the Closing, the Combined Company will only retain the Bitcoin accumulated by ABTC following the Contributions. The unrealized gains and losses reflect the quantity of the Bitcoin accumulated by the Combined Company during the periods presented. The management pro forma adjustments included in the unaudited pro forma condensed combined balance sheet as of March 31, 2025, are as follows: None. The management pro forma adjustments included to unaudited pro forma condensed combined statement of operation for the three months ended March 31, 2025, are as follows: (x)To normalize the impact from changes in unrealized gains and losses from Bitcoin accumulated by ABTC during the period presented. (y)To remove the gain on derivatives related to covered call options collateralized by Bitcoin that were legally retained by Hut 8 on March 31, 2025. The management pro forma adjustments included to unaudited pro forma condensed combined statement of operation for the year ended December 31, 2024, are as follows: (z)To normalize the impact from changes in unrealized gains and losses from Bitcoin accumulated by ABTC during the period presented. (aa) To remove the gain on derivatives related to covered call options collateralized by Bitcoin that were legally retained by Hut 8 on March 31, 2025. 159

GRYPHON DIRECTORS, OFFICERS AND CORPORATE GOVERNANCE The following is a list of Gryphon’s directors and executive officers as of May 30, 2025, along with the specific information required by Rule 14a -3of the Exchange Act:

| Name                |     | Age |     | Position                                      |
| Steve Gutterman     |     |  55 |     | Chief Executive Officer and Director          |
| Simeon Salzman      |     |  44 |     | Chief Financial Officer and Secretary         |
| Eric Gallie         |     |  40 |