Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 457

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 457
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 require advance payments to be made to vendors in conjunction with the contractual obligations associated with these services. The Company classifies these payments as “Deposits” in the unaudited condensed consolidated balance sheets. As of March 31, 2025 and December 31, 2024, the Company had deposits of approximately $ 931,000and $ 656,000, respectively, with data centers. Giga Caddo, LLC On August 16, 2024, Giga Caddo, LLC, a Delaware limited liability company (“Seller”), and the Company entered into an Asset Purchase Agreement (the “Giga Purchase Agreement”) pursuant to which Seller agreed to sell: (i) four (4) natural gas generators with a combined gas standby rating of 1,900 kW, (ii) five hundred and sixty -six(566) bitcoin ASIC mining computers with a combined hashrate capacity of approximately 57,120TH/s, (iii) six (6) Giga Box Air modular data center units with a combined power capacity of 2,900 kW and (iv) certain other crypto mining equipment and related assets to be agreed by the parties (the “Assets”) for $ 1,500,000in USO cash (the “Giga Purchase Price”) (the “Giga Transaction”). On August 5, 2024, prior to the execution of the Giga Purchase Agreement, $ 50,000of the Purchase Price was paid in the form of a refundable earnest money deposit, (ii) on August 19, 2024, $ 50,000of the Purchase Price was paid. On August 29, the Company entered into an amendment to the Giga Purchase Agreement (“Giga Amendment”). The Giga Amendment amended the deadline for the closing date of the Giga Transaction from August 31, 2024 to September 30, 2024. In connection with the Giga Amendment, the Company agreed to make an additional advance payment of $ 250,000, which was paid on August 29, 2024. As a result of this additional advance payment, the parties agreed that the remaining Giga Purchase Price final payment will be in two payments of $ 575,000. As such the total Giga purchase price remains $ 1,500,000. The parties further agreed that out of the pre -paidamounts of $ 350,000, $ 100,000will not be refundable to the Company if