Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 214

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 214
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 the Merger Agreement, it is possible that factors outside the control of Gryphon and ABTC could result in the Mergers being completed at a later time or not at all. Combined Company Governance Matters The Merger Agreement contains certain provisions relating to governance matters of the Combined Company following the Closing. Charter and Bylaws Amendment Subject to Gryphon stockholders’ approval of the Charter Proposal, prior to the Closing the Gryphon Charter will be amended and restated to be in the form of the Proposed Charter and Gryphon will cause the Proposed Charter to be filed with the Secretary of State of the State of Delaware in accordance with the relevant provisions of the DGCL and other applicable law of the State of Delaware. For more information on the Proposed Charter and the Charter Proposal, see the section of this proxy statement/prospectus titled “ The Charter Proposal (Proposal 2).” Each of ABTC and Gryphon have also agreed that, prior to the Closing Date, Gryphon will amend and restate its Bylaws to be in the form attached to the Merger Agreement as Exhibit Band attached as Annex Ito this proxy statement/prospectus, to be effective as of the Closing Date. Board of Directors and Executive Officers of the Combined Company Prior to the Closing, Gryphon must take all necessary action to: •cause the Gryphon Board as of the Closing to be comprised of five members (or such other number as ABTC may indicate prior to the Closing upon written notice to Gryphon); •cause the appointment to the Combined Company Board of the individuals indicated by ABTC in writing to Gryphon prior to the Closing; •cause the Combined Company Board to be staggered into three classes, as nearly equal in number as possible and designated Class I, Class II and Class III; •designate a director selected by ABTC as the chairperson of the Combined Company Board as of the Closing; •cause the resignation of all incumbent officers of Gryphon and cause the officers of Gryphon as of the Closing to be the individuals indicated by ABTC in writing to Gryphon prior to the Closing. 103 The Combined Company Board is expected to initially be fixed at five members, all of whom are designees of ABTC: Michael Ho, Asher Genoot, Justin Mateen, Michael Broukhim and Richard Busch. In addition, ABTC expects Asher Genoot, Michael Ho and Matt Prusak to serve as executive officers of the Combined Company. Individuals who will serve as other executive officers of the Combined Company, if any,