Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 41

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 41
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aries of the grant date subject to the grantee’s continued engagement with the Company through each applicable vesting
date, provided however, that the Restricted Stock Awards will accelerate and vest immediately upon the grantee’s death, disability,
termination by the Company without “cause” (as defined in each Restricted Stock Award agreement), or the consummation of a
change in control of the Company. The equity awards were valued as of the grant date at $0.452 per share for a total of $1,846,000. The
grant date fair value was estimated to be fair value of the Company’s common stock on the Grant Date. Upon the execution of the
Captus Assignment Agreement, the Restricted Stock Awards were cancelled and returned to the Company. For the Restricted Stock Awards,
the Company recorded compensation expense of approximately $436,000. Since the vesting periods did not occur, as of the Cancelation Date,
the compensation expense of $436,000 was reversed and classified as stock-based compensation expense.

Warrants

Transactions involving warrants are as follows
for the six months ended June 30, 2025:

     Number of Shares   Weighted Average Strike Price/Share   Weighted Average Remaining Contractual Term (Years)   Weighted Average Grant Date Fair Value   Weighted Average Intrinsic Value   Outstanding – December 31, 2024   5,530,198   $0.55    9.68   $0.55   $0.39   Granted   6,866,856    1.50    9.79    0.17    -   Exercised   (5,530,198)   0.21    9.25    0.55    -   Expired   -    -    -    -    -   Outstanding – June 30, 2025   6,866,856    0.83    9.54    0.17    -   Exercisable – June 30, 2025   6,866,856    0.83    9.54    0.17    -   Non-exercisable – June 30, 2025   -   $-