Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 460

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 460
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NOTE 7 — NOTE PAYABLE The following table summarizes the balance of the note payable as of:

|                                  |     |   | March 31, 
      2025 |   |     |   | December 31, 
         2024 |   |
|:---------------------------------|:----|:--|----------:|:--|:----|:--|-------------:|:--|
| Principal – Note Payable         |     | $ | 5,000,000 |   |     | $ |    5,000,000 |   |
| Aggregate interest to be paid    |     |   |   638,000 |   |     |   |      638,000 |   |
| Interest payments made           |     |   |   (94,000 | ) |     |   |      (41,000 | ) |
|                                  |     |   | 5,544,000 |   |     |   |    5,597,000 |   |
| Less current portion of interest |     |   |   213,000 |   |     |   |      213,000 |   |
| Notes Payable – long-term        |     | $ | 5,331,000 |   |     | $ |    5,384,000 |   |

On October 25, 2024 (“Exchange Date”), the Company, its direct and indirect subsidiaries, as applicable and the Lender entered into a Debt Repayment and Exchange Agreement (the “DRE Agreement”), Loan, Guaranty and Security Agreement (the “New Loan Agreement”), the Pre -fundedWarrants (as defined below) and the $1.50 Warrants (as defined below) (collectively, the “Agreements”) to extinguish and terminate the Amended BTC Note (the “Exchange”). Pursuant to the Agreements, the following consideration was exchanged with the Lender for the settlement of the Amended BTC Note: •Approximately $9,117,000 of the Amended BTC Note principal balance was converted into shares of the Company’s common stock (the “Shares Exchanged”), at an ascribed value of $1.10 per share resulting in the issuance of 8,287,984shares of common stock to Lender, at a fair market value of $0.612 per share (the quoted market price of the Company’s common stock on the Restructuring Date), or an aggregate value of