Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 473

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 473
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 the Company. Of the gross proceeds, approximately $ 670,000was received in December 2024 with approximately $ 2,150,000, less a receivable of approximately $ 55,000, received in January 2025. The Company incurred legal fees of approximately $ 75,000associated with the Purchase Agreement. Pursuant to the terms of the Purchase Agreement, the Company sold in a registered direct offering an aggregate of (i) 6,866,856shares (the “Shares”) of the Company’s common stock, par value $ 0.00001per share and (ii) warrants to purchase 6,866,856shares of the Company’s common stock at an exercise price of $ 1.50per share, at a combined purchase price per share and accompanying warrant equal to $ 0.40for third -partyinvestors and $ 0.516for directors and officers of the Company. F-27

Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 9 — STOCKHOLDERS’ DEFICIT (cont.)

At The Market Offering (ATM)

On April 19, 2024, the Company commenced a new At The Market offering program with B. Riley Inc., Ladenburg Thalmann & Co. Inc., Kingswood Investments, a division of Kingswood Capital Partners, LLC, Pl Financial (US) Corp. and ATB Capital Markets USA Inc., each respectively acting as sales agents, under which the Company may offer and sell shares of its Common Stock from time to time through the sales agents having an aggregate offering price of up to $. For the three months ended March 31, 2025, the Company raised net proceeds of approximately $, net of offering cost of approximately $, from the ATM for the issuance of shares.

Common Stock Issued for Services

In January 2025, the Company entered into an investor relations consulting agreement. The agreement is for a period of six months with equal monthly payments of $ and the issuance of shares of the Company’s common stock.

In January 2025, the Company issued shares of the Company’s common stock as payment for a consulting agreement.

Restricted common stock awards/units

The table below summarizes the compensation expense related to the Company’s restricted stock awards for the three months ended March 31:

| Directors                                                                  |     | 2025 |         |     | 2024