Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 475

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 475
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 equity compensation expense for the three months ended March 31, 2025 amounted to approximately $ 31,000. As of the resolution date October 31, 2024, with an effective date of October 1, 2024, there were seven board members entitled to the annual equity award of $ 160,000and one board member entitled to the committee chair retainer of $ 40,000(as further disclose in NOTE 8 — COMMITMENTS AND CONTINGENCIES). As of October 1, 2024, the grant date, a total of 1,914,580shares of the Company’s common stock, based on a VWAP of $ 0.61per share. The fair value of the shares as of the grant date was $ 1,200,000. The equity compensation expense for the three months ended March 31, 2025 amounted to approximately $ 326,000. On September 30, 2024, the grant date, the Company’s board of directors approved the issuance of the RSUs, pursuant to the CEO Agreement (as further described NOTE 8 — COMMITMENTS AND CONTINGENCIES). The equity compensation expense for the three months ended March 31, 2025 amounted to approximately $ 0for the Market -basedRSUs and approximately $ 136,000for the Time -basedRSUs. On June 19, 2023, the Company’s CFO was granted a time -basedequity grant of 675,058shares of the Company’s common stock pursuant to an equity incentive plan. The Equity Grant shall vest over a three (3) -yearperiod beginning on the Effective Date, subject to CFO’s continued employment with the Company through the relevant vesting date, in accordance with the following schedule. The equity award was valued as of the grant date at $ 2.42per share for a total of $ 946,000. The Company was under a binding agreement to merge with Akerna as of the grant date. Therefore, the grant date fair value was estimated to be the per -sharevalue based on the exchange ratio defined in the Akerna Merger, as the Company believes that the Akerna trading is the most readily determined value in accordance with ASC 718 -10-55-10to 12. Akerna is publicly traded (Nasdaq: GRYP). The equity compensation expense for the three months ended March 31, 2025 amounted to approximately $ 17,000. On February 23