Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 167

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 3
Chunk 167
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 statement/prospectus as a result of a waiver will be made by Gryphon or ABTC, as applicable, at the time of such waiver
based on the facts and circumstances as they exist at that time.

Following the completion of the Mergers,
the Combined Company may issue additional securities.

Following the completion of the Mergers, the Combined
Company may issue additional securities (including equity securities) to finance its activities. If the Combined Company were to issue
additional equity securities, the ownership interest of existing Gryphon and ABTC stockholders may be diluted and some or all of the Combined
Company’s financial measures on a per share basis could be reduced. Moreover, as the Combined Company’s intention to issue
additional equity securities becomes publicly known, the Combined Company’s share price may be materially adversely affected.

44

Item 2. Unregistered Sales of Equity
Securities and Use of Proceeds

Except as previously reported
in our Current Reports on Form 8-K, we did not undertake any unregistered sales of our equity securities during the quarter ended June
30, 2025.

During the quarter ended June
30, 2025, the Company did not repurchase any of its common shares.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits

    2.1***
     
    Agreement and Plan of Merger, dated as of May 9, 2025, by an among the Company, GDM Merger Sub I Inc., GDM Merger Sub II LLC and American Bitcoin Corp. (incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed with the SEC on May 12, 2025)
  
    10.1***
     
    Investors’ Rights Agreement, dated as of May 9, 2025, by and among the Company, American Bitcoin Corp., American Bitcoin Holdings LLC and the investors party thereto (incorporated by reference to Exhibit 10.4 of the Company’s Current Report on Form 8-K filed with the SEC on May 12, 2025)
  
    10.2
     
    Amendment to Warrant, dated as of May 9, 2025, between the Company and Anchorage Lending CA, LLC (incorporated by reference to Exhibit 10.5 of the Company’s Current