Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 254

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 254
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ALS (PROPOSALS 3 – 7) Overview of the Advisory Charter Proposals In connection with the Mergers, Gryphon is asking its stockholders to vote upon, on a non -bindingadvisory basis, proposals to approve certain governance provisions contained in the Proposed Charter. This vote is not otherwise required by Delaware law separate and apart from the Charter Proposal. Pursuant to SEC guidance, Gryphon is submitting these provisions to its stockholders separately for approval, allowing stockholders the opportunity to present their separate views on important governance provisions. However, the stockholder votes regarding these proposals are advisory votes and are not binding on Gryphon or the Gryphon Board (separate and apart from the approval of the Charter Proposal). Furthermore, the Closing is not conditioned on the separate approval of the Advisory Charter Proposals (separate and apart from approval of the Charter Proposal). Gryphon stockholders are being asked to approve, on a non -bindingadvisory basis, the following material differences between the Gryphon Charter and the Proposed Charter, which are being presented as five separate sub -proposals(the “ Advisory Charter Proposals”): (a) Advisory Charter Proposal 3— to change the corporate name of the Combined Company to “ American Bitcoin Corp.” at and from the time of the Mergers; (b) Advisory Charter Proposal 4— to change the total number of authorized shares of capital stock of the Combined Company to 735,000,000,000shares, consisting of: (i) 635,000,000,000shares of common stock, $0.0001 par value per share, comprised of (a) 500,000,000,000shares of Class A Common Stock, (b) 10,000,000,000shares of Class B Common Stock and (c) 125,000,000,000shares of Class C Common Stock; and (ii) 100,000,000,000shares of preferred stock, $0.0001 par value per share; (c) Advisory Charter Proposal 5— to provide for each outstanding share of (i) Class A Common Stock to be entitled to one vote per share, (ii) Class B Common Stock to be entitled to 10,000 votes per share and (iii) Class C Common Stock to be entitled to ten (10) votes per share; (d) Advisory Charter Proposal 6— to permit any action that is required or permitted to be taken by the stockholders of the Combined Company