Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 408

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 408
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 will or may be expected to exceed $120,000 in any calendar year, (ii) the Company or any of its subsidiaries is a participant and (iii) any (a) executive officer, director or nominee for election as a director, (b) greater than 5% beneficial owner of shares of Gryphon Common Stock or (c) immediate family member, of the persons referred to in clauses (a) and (b), has or will have a direct or indirect material interest (other than solely as a result of being a director or a less than 10% beneficial owner of another entity). A conflict of interest situation can arise when a person takes actions or has interests that may make it difficult to perform his or her work objectively and effectively. Conflicts of interest may also arise if a person or a member of his or her family, receives improper personal benefits as a result of his or her position. Our audit committee, pursuant to its written charter, is responsible for reviewing and approving related -partytransactions to the extent we enter into such transactions. The audit committee will consider all relevant factors when determining whether to approve a related -partytransaction, including whether the related party transaction is on terms no less favorable to us than terms generally available from an unaffiliated third -partyunder the same or similar circumstances and the extent of the related party’s interest in the transaction. In addition to the compensation arrangements in the section titled “ Gryphon Executive Compensation,” the following is a description of each transaction since January 1, 2023 and each currently proposed transaction, in which: •Gryphon has been or is to be a participant; •the amount involved exceeded or exceeds $120,000; and •any of Gryphon’s directors, executive officers or beneficial holders of more than 5% of any class of Legacy Gryphon’s capital stock or any immediate family member of or person sharing the household with, any of these individuals or entities, had or will have a direct or indirect material interest. On January 13, 2025, the Company entered into a Securities Purchase Agreement (the “ SPA”) with several institutional and accredited investors and certain directors and officers of the Company (and certain of their affiliated parties) for the purpose of raising approximately $2.85 million in gross proceeds for the Company. Pursuant to the terms of the SPA, the Company agreed to sell in a registered direct offering an aggregate of (i) 6,941,856shares of Gryphon Common Stock and (ii) warrants to purchase 6