Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 514

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 514
---
   |  (6,478,000 | ) |
| Legal fees incurred                |     |   |     230,000 |   |
| Gain on debt restructuring         |     | $ |  (6,248,000 | ) |

For the years ended December 31, 2024 and 2023, the Company recognized interest expense amounting to $914,000 and $758,000, respectively, for the bitcoin denominated note payable. NOTE 8 — COMMITMENTS AND CONTINGENCIES Commitments Board Member Compensation On October 31, 2024, the Company’s Board of Directors approved the director’s compensation program, as follows:

| Element                                                |     | Amount |         |
|:-------------------------------------------------------|:----|:-------|--------:|
| Annual equity award                                    |     | $      | 160,000 |
| Annual board cash retainer                             |     | $      |  60,000 |
| Annual Audit Committee Member Retainer                 |     | $      |  10,000 |
| Annual Compensation Committee Member retainer          |     | $      |   7,500 |
| Annual Nominating/Governance Committee Member Retainer |     | $      |   7,500 |
| Annual Board Chair Additional retainer                 |     | $      |  40,000 |
| Annual Audit Chair Additional retainer                 |     | $      |  20,000 |
| Annual Compensation Chair Additional retainer          |     | $      |  15,000 |
| Annual Nominating/Governance Chair Additional retainer |     | $      |  15,000 |

The cash retainers will be paid monthly in arrears. The annual equity award will be in the form of restricted stock units (“RSUs”). The number of RSUs to be granted shall be determined by dividing the dollar amounts stated above by the volume -weightedaverage price (“VWAP”) of the Company’s common stock over the forty -five(45) trading days immediately preceding (but not including) the Grant Date, rounded to the nearest whole RSU. Subject to each grantee’s continued service with the Company through the applicable vesting date, the awards made hereunder shall vest as to one -fourth(1/4) of the RSUs subject to each award (rounded down to the nearest whole share) upon the first four (4) quarterly anniversaries dates. As of the resolution date October 31,