Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 538

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 538
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 by the Company without “cause” (as defined in each Restricted Stock Award agreement), or the consummation of a change in control of the Company. On March 19, 2025, the Company’s Board of Directors approved the execution of a strategic advisory business service agreement (“Advisory Agreement”) with Bower Four Capital Corp. Pursuant to the Advisory Agreement, the Advisor will provide general strategic advice and guidance regarding the Company’s business, proposed transactions and M&A activity. The term of the agreement will be for a period of thirty -sixmonths subject to renewal for one or more additional six -monthperiods. If the Captus Acquisition closes, the Company will be required to issue 6,000,000shares of the Company’s common stock and a warrant to purchase 6,000,000shares of the Company’s common stock at $0.50 per share. As of March 31, 2025, the Advisory Agreement has not been executed by the parties thereto. Erikson Purchase Agreement On February 14, 2025, the Company gave Erikson notice of the cancellation of the Erikson Purchase Agreement. Litigation On March 7, 2025, The Company and Sphere 3D entered into a settlement and release agreement on mutually acceptable terms. The Settlement Agreement fully resolved all pending litigation between the Company and Sphere, and each party fully released the other party from any known or unknown and unsuspected claims. The Settlement Agreement further provided that each party will bear its own costs in connection with the litigation. Nasdaq Compliance On March 11, 2025, the Company received NASDAQ delisting notice for non -compliancewith the Bid Price Rule as set forth in Listing Rule 5550(a)(2) On March 14, 2025, the Company received NASDAQ delisting notice for non -compliancewith the MVLS requirements as set forth in Listing Rule 5550(b)(2) F-75

American Bitcoin Corp.
Condensed Balance Sheets (in USD thousands, except share and per share data)

|                                                                                                                                 |     | Condensed 
 Unaudited 
 March 31, 
 2025      |         |     | Condensed    
 Combined     
 Audited      
 December 31, 
 2024         |           |   |
|:--------------------------------------------------------------------------------------------------------------------------------|:----|:----------|--------:|:----|:-------------|----------:|:--|
| Assets                                                                                                                          |     |           |         |     |              |           |