Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 520

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 520
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 will recognize expense on a straight -linebasis over the service period starting October 1, 2024. The remaining 557,228Market -basedRSUs were considered to have a market -basedvesting as the milestones are based on the Company’s remediation of certain stock exchange listing qualifications, which are based on the market price and market capitalization of the Company’s common stock. As further required by Topic 718, a market -basedaward’s fair value is required to be expensed over the derived service period whether the milestone is met or not. The Company hired a third -partyvaluation firm to calculate the fair value of the Market -basedAwards. The fair value of approximately $ 312,000was determined by the use of a Monte -Carlosimulation model (i) over the period from September 30, 2024 through August 31, 2025 (the estimated date to achieve the remediation of the Nasdaq deficiencies over the period set forth in the CEO Agreement), (ii) a risk -freerate of 4.0%, (iii) volatility of 152.0%, (iv) a starting price of $ 0.68, (v) a price hurdle $ 1.00and (vi) a time hurdle of 10 days, for a derived fair value of $ 0.56per share and a derived service period of approximately 0.33years. F-61

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 8 — COMMITMENTS AND CONTINGENCIES (cont.)

The CEO Agreement also provides Mr. Gutterman with the opportunity to earn an incentive bonus (the “Incentive Bonus”), with will become payable, if ever, in tranches following the Company’s attainment of certain stock price and market capitalization goals. The specific goals are as follows:

|           |     | Company Stock               
 Price Goal                  |     | Company        
 Market         
 Capitalization 
 Goal           |             |     | Amount of Incentive Bonus  
 Payable for Achievement of 
 Tranche Goals              |
|:----------|:----|:----------------------------|:----|:---------------|:------------|:----|:---------------------------|
| Tranche 1 |     | $2.50 based on 30-day VWAP  |     | $              | 150 Million |     | 100% of Base Salary        |
| Tranche