Company: ABTC
Filing Date: 2025-08-06
Form Type: S-3
Source: 0001213900-25-072233
Chunk: 12

Company: American Bitcoin Corp.
Filing Date: 2025-08-06
Form: S-3
Chunk 12
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 share of Class B Common
Stock and Class C Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. The
Proposed Charter will not provide for the automatic conversion of shares of Class B Common Stock and Class C Common Stock upon
transfer thereof or based on sales or ownership thresholds.

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Liquidation

In the event of our liquidation,
dissolution or winding up, the holders of each series of common stock will be entitled to share ratably in the net assets legally available
for distribution to stockholders, if any, remaining after the payment of all debts and liabilities, subject to any preferential rights
of any outstanding shares of preferred stock.

Rights and Preferences

Holders of each series of
common stock will have no preemptive, conversion (except as noted above) or subscription rights and there are no redemption or sinking
fund provisions applicable to the Class A Common Stock, Class B Common Stock and Class C Common Stock.

Preferred Stock

The board of directors will
be permitted, without further action by the stockholders, to issue up to 100,000,000,000 shares of preferred stock in one or more series
with such designations, powers, preferences, special rights, qualifications, limitations and restrictions as the board of directors may
determine from time to time. The powers, preferences and relative, participating, optional and other rights of each series of preferred
stock and the qualifications, limitations and restrictions thereof, if any, may differ from those of any and all other series outstanding.
Issuance of preferred stock by the board of directors may result in such shares having dividend and/or liquidation preferences senior
to the rights of the holders of common stock and could dilute the voting rights of the holders of common stock and the likelihood that
such holders will receive dividend payments and payments upon a liquidation.

The board of directors could
authorize the issuance of one or more series of preferred stock that could, depending on the terms of such series, impede a tender offer
or other takeover attempt.

Charter and Bylaw Provisions; Takeover Statutes

A number of provisions in
the Proposed Charter, Proposed Bylaws and the DGCL may have the effect of delaying, deferring or discouraging another person from acquiring
control of us or removing our management.

Multiple Classes
of Stock

As described above under the
heading “Common Stock – Voting Rights,” the Proposed Charter will provide for