Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 472

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 472
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 grant of common stock                    |     |      |  17,000 |     |      | 165,000 |
| Total                                                                      |     | $    | 772,000 |     | $    | 208,000 |

|                                 |     | Number of 
     Units |   |     | Weighted   
 Average    
 Grant-date 
 Per Share  
 Fair Value |      |
|:--------------------------------|:----|----------:|:--|:----|:-----------|-----:|
| Balance as of December 31, 2024 |     | 4,620,511 |   |     | $          | 0.78 |
| Granted                         |     | 4,083,300 |   |     | $          | 0.45 |
| Issued                          |     |  (844,245 | ) |     | $          | 1.06 |
| Forfeited                       |     |         — |   |     | $          |    — |
| Balance as of March 31, 2025    |     | 7,859,566 |   |     | $          | 0.55 |

F-28 Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.) As of March 31, 2025, there was approximately $2,736,000 unrecognized compensation expense related to the service -basedRSUs, which is expected to be recognized over a remaining weighted -averagevesting period of approximately 3 years. On January 8, 2025, in connection with the Captus Agreement, as a material inducement to their agreeing to become employees of the Company, the Company granted a restricted stock award to each of Harry Andersen, Paul Connolly, Mark Taylor and Steve Giacomin (collectively, the “Restricted Stock Awards”). The Restricted Stock Awards were intended to constitute “employment inducement awards” under the Nasdaq Stock Market Rules. The aggregate restricted stock shares issued was 4,083,300. Each of the Restricted Stock Awards vests in three equal installments on the first three anniversaries of the grant date subject to the grantee’s continued engagement with the Company through each applicable vesting date, provided however, that the Restricted Stock Awards will accelerate and vest immediately upon the grantee’s death, disability, termination by the