Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 288

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 288
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hourperiod. Upon the Closing, ABTC’s policy will be the accounting policy going forward. The impact on Gryphon’s historical consolidated financial statements of this difference is deemed to be immaterial. 3.Preliminary Purchase Consideration Allocation Because ABTC is treated as the acquiring company for accounting purposes, ABTC’s assets and liabilities are recorded at their carrying amounts prior to the Closing and the historical operations that are reflected in the unaudited pro forma condensed combined financial information are those of ABTC. Gryphon’s assets and liabilities are measured and recognized at their fair values as of the date of the Closing and combined with the assets, liabilities and results of operations of ABTC following the Closing. The purchase consideration has been determined using the share price of Gryphon Common Stock on July 17, 2025 of $1.32 and the number of shares of Combined Company Common Stock that would be issued to Gryphon stockholders to achieve the same ownership ratio of the Combined Company. If the transaction had occurred on May 9, 2025, the date of the Merger Agreement, the estimated preliminary fair values of the identifiable assets and liabilities (and related tax impacts) of the Combined Company and the purchase consideration would be as follows (in thousands):

| Assets acquired:                 |     |   |         |   |
|:---------------------------------|:----|:--|--------:|:--|
| Cash and cash equivalents        |     | $ |     318 |   |
| Accounts receivable              |     |   |     175 |   |
| Prepaid expenses                 |     |   |   1,412 |   |
| Marketable securities            |     |   |      49 |   |
| Digital assets                   |     |   |     787 |   |
| Mining equipment, net            |     |   |   2,125 |   |
| Deposits                         |     |   |     975 |   |
| Total assets                     |     |   |   5,841 |   |
| Total liabilities assumed:       |     | $ |  (9,834 | ) |
| Net assets acquired              |     | $ |  (3,993 | ) |
| Estimated purchase consideration |     | $ | 136,560 |   |
| Goodwill                         |     | $ | 140,553 |   |

156

The consideration for the Transactions is summarized below (in thousands, except share data), assuming the Transactions occurred on July 17,