Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 68

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 68
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 delays or difficulty in obtaining new Bitcoin miners at scale. •ABTC may be subject to additional risks associated with holding Bitcoin for its own account. •ABTC’s operations, investment strategies and profitability may be adversely affected by competition from other methods of investing in Bitcoin. •ABTC’s operations are dependent upon maintaining a good relationship with Hut 8. •ABTC may experience liquidity constraints and may need to raise additional capital. In addition, ABTC expects to raise additional capital to execute its strategy. ABTC may be unable to raise the additional capital needed to operate and grow its business. •ABTC’s business may be heavily impacted by geopolitical, social, economic and other events and circumstances in the United States, Canada or elsewhere. •ABTC is an early -stagecompany with limited operating history. •ABTC’s operations are subject to various legal, regulatory, governmental and technological uncertainties. Risks Related to the Combined Company •If any of the events described in “Risks Related to Gryphon” or “Risks Related to ABTC” occur, those events could cause potential benefits of the Mergers not to be realized. 14 •There has been no prior public market for ABTC’s common stock or the Class A Common Stock and the price of the Class A Common Stock may be volatile or may decline regardless of the Combined Company’s operating performance. •The proposed multi -classcapital structure of the Combined Company will concentrate voting control with Hut 8 and certain of the Combined Company’s other principal shareholders, who will have the ability to control the direction of its business and significantly influence all matters submitted to stockholders for approval. •Hut 8’s interests may conflict with the interests of the Combined Company and its other stockholders. •The Combined Company will rely on exemptions from certain Nasdaq corporate governance requirements for controlled companies. •Future sales and issuances of the Combined Company’s Common Stock or rights to purchase common stock, including pursuant to the 2025 Plan, could result in dilution and could cause the Combined Company’s Common Stock price to fall. •The historical financial information of ABTC presented herein may not be representative of its results or financial condition if ABTC had been operated as a standalone public company and as a result may not be representative of the Combined Company’s results or financial condition after the Mergers. •The unaudited pro forma condensed combined financial information presented herein may not be representative of the Combined Company’s results after the Mergers. •The market price of the Combined Company’s Common Stock