Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 256

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 256
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 shares of Class B Common Stock are outstanding, amendments to the provisions of the Proposed Charter related to the designations and rights of the common stock of the Combined Company require the affirmative vote of the holders of at least eighty percent (80%) of the shares of Class B Common Stock outstanding at the time of such vote, voting as a separate series.                                                  |

Reasons for the Advisory Charter Proposals The Proposed Charter was negotiated as part of the Mergers and, in the judgment of the Gryphon Board, is necessary to be reflected in the Proposed Charter and advisable to facilitate the Mergers and the needs of the Combined Company. In particular: Advisory Charter Proposal 3 — Name The Gryphon Board believes that changing Gryphon’s corporate name from “Gryphon Digital Mining, Inc.” to “American Bitcoin Corp.” is desirable to reflect the Mergers with ABTC and to clearly identify the Combined Company as the publicly traded entity.

135 Advisory Charter Proposal 4 — Number of Authorized Shares The Proposed Charter would increase the total number of authorized shares of capital stock from (i) 150,000,000shares of Gryphon Common Stock, par value $0.0001 per share and 5,000,000shares of Gryphon preferred stock, par value $0.0001 per share, to (ii) 500,000,000,000shares of Class A Common Stock, par value $0.0001 per share, 10,000,000,000shares of Class B Common Stock, par value $0.0001 per share, 100,000,000,000shares of Class C Common Stock, par value $0.0001 per share, and 100,000,000,000shares of preferred stock, $0.0001 par value per share. As described in greater detail in the section of this proxy statement/prospectus titled “ The Merger Agreement,” upon completion of the First Merger, each share of ABTC Class A Common Stock and ABTC Class B Common Stock issued and outstanding immediately prior to the First Effective Time, other than shares of ABTC Class A Common Stock and ABTC Class B Common Stock held immediately prior to the First Effective Time by ABTC (as treasury stock or owned by any subsidiary of ABTC) and other than dissenting shares, will be converted into the right to receive a number of shares of Class A Common Stock or Class B Common Stock, respectively, equal to the Exchange Ratio set forth in the Merger Agreement. The Exchange