Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 512

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 512
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 with key input variables provided by management, as of the date of issuance: volatility of 115.0%, the fair value of common stock $0.612 estimated life of 5.0 years, risk -freerate of 4.07% to 4.72% and dividend rate of nil. F-58

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 7 — NOTE PAYABLE (cont.) •A $5,000,000 note payable (the “Note Payable”) pursuant to the New Loan Agreement. •A director specified by Lender was added to the board of directors. The terms of the Note Payable include the following: •The outstanding principal and interest are denominated in dollars (as opposed to the original Bitcoin Loan that was denominated in bitcoin). •One -timepayment of in the amount of $5,000,000 on October25, 2027 •Annual interest rate of 4.25% payable monthly. •The Lender has been given a first priority lien on all the Company and its subsidiaries’ assets. •The Lender may convert half of the outstanding principal at a price of $1.10 per share of common stock and the remaining half at a price of $1.50 per share of common stock (for purposes of classifying the Restructured Loan, it was concluded that the conversion option did not meet the requirements to be bifurcated and classified as a derivative, nor was there a large premium paid that would be classified as an addition to paid -incapital so the conversion option is included in the value of the host instrument). •The Note Payable cannot be converted or exercised if the Lender and its affiliates would beneficially own more than 19.99% of the number of shares of common stock as of the date of the agreement after giving effect to such conversion or exercise without the approval of the Company’s stockholders, for which the Company is required to seek such approval at its next annual meeting of stockholders. The Company has evaluated the accounting for the Exchange using the guidance as outlined in ASC 470 -60Troubled Debt Restructuring by Debtors (“ASC 470”). ASC 470 defines a troubled debt restructuring when a creditor, due to a debtor’s financial difficulties, grants the debtor a concession that it would not otherwise consider. As of the Exchange Date, the Company’s most recent financial statements, as