Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 371

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 371
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phon Common Stock offset by the payment of $75,000 for costs related to the issuance of Gryphon Common Stock, (iii) $2,409,000 of cash received from the sale of Gryphon Common Stock using the ATM offset by payments of $72,000 for cost related to the issuance of the Gryphon Common Stock and (iv) $71,000 of cash payments for the interest on the Note Payable. Net cash provided by financing activities was approximately $1,805,000 for the three months ended March 31, 2024 and consisted primarily of (i) insurance premium loan payments of $90,000 and (ii) $1,395,000 of cash proceeds from issuance of the Company’s Gryphon Common Stock from the sale of Gryphon Common Stock using the ATM and (iii) $500,000 of cash received from the acquisition of Akerna. The following table provides detailed information about the Company’s net cash flow for the years ended December 31, 2024 and 2023:

|                                                     |     |   |       2024 |   |     |   |       2023 |   |
|:----------------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Net cash (used in) provided by operating activities |     | $ | (3,396,000 | ) |     | $ |  3,011,000 |   |
| Net cash used in investing activities               |     | $ | (2,747,000 | ) |     | $ | (2,254,000 | ) |
| Net cash provided by (used in) financing activities |     | $ |  5,963,000 |   |     | $ |   (109,000 | ) |

Net cash (used in) provided by operating activities Net cash used in operating activities was approximately $3,396,000 for the year ended December 31, 2024 and consisted primarily of cash proceeds from the sale of digital assets of approximately $20,260,000, offset by cash expenditures for operating activities of approximately $23,656,000. Net cash provided by operating activities was approximately $3,011,000 for the year ended December 31, 2023 and consisted primarily of cash proceeds from the sale of digital assets of approximately $18,512,000, offset by cash expenditures for operating activities of approximately $15,501,000. Net cash