Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 289

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 289
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 2025:

| Shares of Combined Company Common Stock issued to ABTC stockholders in connection with the Transactions at an exchange ratio resulting in ABTC stockholders collectively owning approximately 98.0% of the Combined Company Common Stock, on a fully diluted basis 
 Shares of Combined Company Common Stock held by Gryphon stockholders, upon the effectiveness of the Transaction, collectively representing approximately 2.0% of the Combined Company Common Stock, on a fully diluted basis                                       
 Total shares of Combined Company Common Stock                                                                                                                                                                                                                      |     |   | 5,069,277,898 
   103,454,651 
 5,172,732,549 |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------------:|
| Gryphon stock price on June 4, 2025                                                                                                                                                                                                                                |     | $ |          1.32 |
| Total Combined Company market cap                                                                                                                                                                                                                                  |     | $ |     6,828,007 |
| Purchase consideration to Gryphon shareholders (2% of Combined Company market cap)                                                                                                                                                                                 |     | $ |       136,560 |

The purchase consideration, for the purposes of presenting the accompanying pro forma condensed combined financial statements, will depend on the market price of Gryphon Common Stock on the date of Closing. The following table illustrates the effects of change in the price of Gryphon Common Stock and the resulting impact on the purchase consideration:

|              |     | Price per Share 
 of Gryphon      
 Common Stock    |      |     | Purchase      
 Consideration 
 (in ‘000s)    |         |
|:-------------|:----|:----------------|-----:|:----|:--------------|--------:|
| As presented |     | $               | 1.32 |     | $             | 136,560 |
| 20% increase |     | $               | 1.58 |     | $             | 163,872 |
| 20% decrease |     | $               | 10.6 |     | $             | 109,248 |
| 40% increase |     | $               | 1.85 |     | $             | 191,184 |
| 40% decrease |     | $               | 0.79 |     | $             |  81,936 |

4.Pro Forma Adjustments The pro forma adjustments are based on the management of Gryphon’s and the management of ABTC’s preliminary estimates and assumptions. Actual results, including