Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 21

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 21
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 stock units. “ Qualifying Termination” means a termination of Steve Gutterman’s employment under the Gutterman Agreement by Gryphon without “cause” or by Mr. Gutterman for “good reason,” each as defined in the Gutterman Agreement. “ Record Date” means July25, 2025. “ Registration Statement” means the registration statement of which this proxy statement/prospectus forms a part that is filed with the SEC. “ Related Agreements” means certain additional agreements entered into or to be entered into pursuant to the Merger Agreement. “ Required Proposals” means the Stock Issuance Proposal and the Charter Proposal. “ Restricted Stock” means shares that are subject to certain specified restrictions. “ Restructured Loan” means the new $5 million loan from Anchorage pursuant to the New Loan Agreement. “ RSUs” means restricted stock units. “ Sales Agents” means Ladenburg Thalmann & Co. Inc., Kingswood Investments, a division of Kingswood Capital Partners, LLC, PI Financial (US) Corp. and ATB Capital Markets USA Inc. “ Sales Agreement” means the ATM Agreement and the Terms Agreement. “ Salzman Agreement” means the executive employment agreement, dated June 19, 2023, by and between Gryphon and Simeon Salzman. “ SARs” means stock appreciation rights. “ SBA” means the Small Business Administration. “ SEC” means the Securities and Exchange Commission. “ Second Effective Time” means the effective time of the Second Merger. “ Second Merger” means the merger of the First Merger Surviving Corporation with and into Merger Sub LLC, with Merger Sub LLC surviving such merger as a direct wholly owned subsidiary of Gryphon. “ Securities Act” means the Securities Act of 1933. xii “ Shared Services Agreement” means the Services Agreement, dated March31, 2025, by and between ABTC and USDMG. “ Share Reserve” means the total number of shares reserved and available for issuance pursuant to the 2025 Plan. “ Shares” means shares of Gryphon Common Stock having an aggregate offering price of up to $70,000,000 that may be sold under the ATM Agreement. “ SIPC” means the Securities Investor Protection Corporation. “ SPA” means the Securities Purchase Agreement, dated January 13, 2025, by and among Gryphon and several institutional and accredited investors and certain directors and officers of Gryphon. “ Special Meeting” means the special meeting of Gryphon