Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 214

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 214
---
: •cause the Gryphon Board as of the Closing to be comprised of five members (or such other number as ABTC may indicate prior to the Closing upon written notice to Gryphon); •cause the appointment to the Combined Company Board of the individuals indicated by ABTC in writing to Gryphon prior to the Closing; •cause the Combined Company Board to be staggered into three classes, as nearly equal in number as possible and designated Class I, Class II and Class III; •designate a director selected by ABTC as the chairperson of the Combined Company Board as of the Closing; •cause the resignation of all incumbent officers of Gryphon and cause the officers of Gryphon as of the Closing to be the individuals indicated by ABTC in writing to Gryphon prior to the Closing. 103 The Combined Company Board is expected to initially be fixed at five members, all of whom are designees of ABTC: Michael Ho, Asher Genoot, Justin Mateen, Michael Broukhim and Richard Busch. In addition, ABTC expects Asher Genoot, Michael Ho and Matt Prusak to serve as executive officers of the Combined Company. Individuals who will serve as other executive officers of the Combined Company, if any, have not yet been determined. Representations and Warranties The Merger Agreement contains generally reciprocal representations and warranties, except as otherwise indicated below. Each of Gryphon and ABTC has made representations and warranties regarding, among other things: •organization, existence, standing, qualification to do business and corporate organizational power; •authority with respect to the execution and delivery of the Merger Agreement and the due and valid execution and delivery and enforceability of the Merger Agreement; •required regulatory filings and consents and approvals of governmental authorities; •absence of conflicts with or violations of organizational documents, other contracts and applicable laws; •capital structure; •ownership of subsidiaries and minority owned joint ventures; •accuracy of information supplied or to be supplied in connection with this proxy statement/prospectus; •conduct of their business in the ordinary course and the absence of a material adverse effect; •absence of undisclosed material liabilities; •absence of certain litigation; •possession of and compliance with, necessary permits; •compliance with applicable laws; •digital assets and Bitcoin miners; •certain material contracts; •taxes; •employee matters and employee benefit plans; •labor matters; •intellectual property and information technology (including data protection); •environmental matters; •compliance with certain