Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 81

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 81
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join the Mergers and responding to such demands is often expensive and could divert management time and resources. In addition, such demands or litigation could lead to a dissolution or bankruptcy of Gryphon if the costs associated with such demands or litigation are significant enough. For additional information regarding certain pending litigation matters relating to Gryphon, see the section titled “ Gryphon’s Business — Legal Proceedings” in this proxy statement/prospectus. Gryphon and ABTC are expected to incur substantial expenses related to the Mergers. Gryphon and ABTC have incurred and expect to continue to incur, substantial fees and expenses in connection with the Mergers, including legal, accounting, financial advisory and other transaction fees and costs associated with the Mergers. Additionally, as the controlling stockholder of ABTC, Hut 8 has incurred and expects to continue to incur fees and expenses in connection with the Mergers, and such costs are expected to be borne by ABTC. As of June25, 2025, ABTC has incurred approximately $4.3million of fees and expenses related to the Mergers, primarily consisting of legal, audit and accounting fees, and anticipates incurring approximately $0.9million of additional fees and expenses prior to the Closing. As of June25, 2025, Gryphon has incurred approximately $0.9million of fees and expenses related to the Mergers, primarily consisting of legal, audit and accounting fees, and anticipates incurring approximately $1.1million of additional fees and expenses prior to the Closing. Actual transaction costs may substantially exceed Gryphon’s and ABTC’s respective estimates and may have an adverse effect on the Combined Company’s financial condition and operating results. In addition, the Combined Company may also incur significant integration -relatedfees and costs related to formulating and implementing integration plans, including facilities and systems consolidation costs and employment -relatedcosts. Gryphon and ABTC continue to assess the magnitude of these costs and additional unanticipated costs may be incurred in the Mergers and the integration of the two companies’ businesses. Gryphon or ABTC may waive one or more of the Closing conditions without re-soliciting stockholder approval. Gryphon or ABTC may determine to waive, in whole or in part, one or more of the conditions to its obligations to consummate the Mergers. Gryphon and ABTC expect to evaluate the materiality of any waiver and its effect on Gryphon or ABTC stockholders, as applicable, in light of the