Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 528

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 528
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 31, 2022 |     | Number of 
     Units 
         — |   |     | Weighted      
 Average       
 Grant-date er 
 Share         
 Fair Value    |    — |
|:--------------------------------|:----|----------:|:--|:----|:--------------|-----:|
| Granted                         |     |   843,478 |   |     | $             | 1.51 |
| Vested                          |     |  (112,508 | ) |     | $             | 1.40 |
| Forfeited                       |     |         — |   |     | $             |    — |
| Balance as of December 31, 2023 |     |   730,970 |   |     | $             | 1.53 |
| Granted                         |     | 4,086,261 |   |     | $             | 0.62 |
| Vested                          |     |  (196,720 | ) |     | $             | 1.56 |
| Forfeited                       |     |         — |   |     | $             |    — |
| Balance as of December 31, 2024 |     | 4,620,511 |   |     | $             | 0.73 |

As of December 31, 2024, there was approximately $2,301,000 unrecognized compensation cost related to the service -basedRSUs, which is expected to be recognized over a remaining weighted -averagevesting period of approximately 2 years. On December 17, 2024 (“Grant Date”), the Company’s Senior Vice President of Energy (“VP Energy”) was granted a time time -basedequity grant of 500,000 shares of the Company’s common stock pursuant to an equity incentive plan. The Equity Grant shall vest over a four (4) -yearperiod beginning on the Grant Date, subject to VP Energy’s continued employment with the Company through the relevant vesting date, in accordance with the following schedule. The equity award was valued as of the grant date at $0.477 per share for a total of $239,000. The grant date fair value was estimated to be fair value of the Company’s common stock on the Grant Date. The equity compensation expense for the year ended December 31, 2024 amounted to approximately $5,000. On September 30, 2024, the grant date, the Company’s board of directors approved the issuance of the