Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 530

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 530
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M) On April 19, 2024, the Company commenced a new At The Market offering program with B. Riley Inc., Ladenburg Thalmann & Co. Inc., Kingswood Investments, a division of Kingswood Capital Partners, LLC, PI Financial (US) Corp. and ATB Capital Markets USA Inc., each respectively acting as sales agents, under which the Company may offer and sell shares of its Common Stock from time to time through the sales agents having an aggregate offering price of up to $ 70,000,000. As of December 31, 2024, the Company sold 5,182,929shares under this program for proceeds of $ 3,701,000, net of $ 343,000of direct offering costs. F-66

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.)

Common Stock Issued for Services

In August 2024, the Company entered into an agreement with a vendor pursuant to which the Company issued shares of common stock to such vendor for payment of an outstanding payable in the amount of approximately $. The shares were valued at the fair market value of approximately $, which was the closing trading price for the Company’s common stock on the date of issuance.

On April 8, 2024, the Company entered into an agreement with a vendor pursuant to which the Company issued shares of common stock to such vendor. The shares were valued at the fair market value of approximately $, which was the closing trading price for the Company’s common stock on the date of issuance.

On April 16, 2024, the Company entered into an agreement with a vendor pursuant to which the Company issued shares of common stock to such vendor. The shares were valued at the fair market value of approximately $, which was the closing trading price for the Company’s common stock on the date of issuance. The Company also made a one-time payment to the vendor of $.

Restricted common stock awards

The table below summarizes the compensation expense related to the Company’s restricted stock awards for the years ended December 31:

| Directors                                                          |     | 2024 |           |     | 2023 |            |   |
|:-------------------------------------------------------------------|:----|:-----|----------:|:----|:-----|-----------:|:--|
| October 1, 2024 – 1,914