Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 64

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 64
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 respect to the registration of Combined Company shares held by the ABTC Class B Investors, including customary demand and “piggy -back” registration rights and contains certain covenants of the ABTC Class B Investors not to compete with the business of the Combined Company and its subsidiaries, subject to certain exceptions. 12 Advisory Charter Proposals In connection with the Mergers, the Gryphon stockholders will vote to approve, on an advisory and non -bindingbasis, the following five separate proposals to approve certain governance provisions in the Proposed Charter. These separate votes are not otherwise required by Delaware law, separate and apart from the Charter Proposal, but are required by SEC guidance requiring that stockholders have the opportunity to present their views on important corporate governance provisions. See the section titled “ The Advisory Charter Proposals (Proposals 3 – 7).” (i) Proposal 3— To change the corporate name of the Combined Company to “American Bitcoin Corp.” at and from the time of the Mergers. (ii) Proposal 4— To change the total number of authorized shares of capital stock of the Combined Company to 735,000,000,000shares, consisting of: (i) 635,000,000,000shares of common stock, $0.0001 par value per share, comprised of (a) 500,000,000,000shares of Class A Common Stock, (b) 10,000,000,000shares of Class B Common Stock and (c) 125,000,000,000shares of Class C Common Stock; and (ii) 100,000,000,000shares of preferred stock, $0.0001 par value per share. (iii) Proposal 5— To provide for each outstanding share of Class A Common Stock to be entitled to one vote per share, Class B Common Stock to be entitled to 10,000 votes per share and Class C Common Stock to be entitled to ten (10) votes per share. (iv) Proposal 6— To permit any action that is required or permitted to be taken by the stockholders of the Combined Company to be effected by written consent in lieu of a meeting until Voting Threshold Date and provide that, after such Voting Threshold Date, no action shall be permitted to be taken by the stockholders of the Combined Company by written consent. (v) Proposal 7— To require the affirmative vote of a supermajority of the holders of capital stock of the Combined Company for certain amendments to the