# EDGAR Filing Document

**Accession Number:** 0001755953
**File Stem:** 0001213900-25-082561
**Filing Date:** 2025-8
**Character Count:** 22739
**Document Hash:** 083d4c371f40126e75b5f91d4b439f17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-082561.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001213900-25-082561

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250827

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gryphon Digital Mining, Inc.
- **CENTRAL INDEX KEY:** 0001755953
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 832242651
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39096
- **FILM NUMBER:** 251280832

**BUSINESS ADDRESS:**
- **STREET 1:** 1180 N. TOWN CENTER DRIVE
- **STREET 2:** SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89144
- **BUSINESS PHONE:** 877-646-3374

**MAIL ADDRESS:**
- **STREET 1:** 1180 N. TOWN CENTER DRIVE
- **STREET 2:** SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Akerna Corp.
- **DATE OF NAME CHANGE:** 20190614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MTech Acquisition Holdings Inc.
- **DATE OF NAME CHANGE:** 20181015

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

Date of report (Date of earliest event reported**): August 27, 2025**

**GRYPHON DIGITAL MINING, INC.**

(Exact Name of Registrant as Specified in Its Charter)

**Delaware**

(State or Other Jurisdiction of Incorporation)

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| | |
|:---|:---|
| **001-39096** | **83-2242651** |
| (Commission File Number) | (IRS Employer<br> Identification No.) |
| **1180 N. Town Center Drive, Suite 100** |  |
| **Las Vegas, NV** | **89144** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**(877) 646-3374**

(Registrant's Telephone Number, Including Area Code)

**N/A**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol** | **Name of Each Exchange on Which Registered** |
| Common Stock, par value $0.0001 per share | GRYP | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Introductory Note** 

As previously publicly disclosed, on May 9, 2025, Gryphon Digital Mining, Inc. (the "**Company**"), GDM Merger Sub I Inc., a Delaware corporation and wholly owned direct subsidiary of the Company ("**Merger Sub Inc.**"), GDM Merger Sub II LLC, a Delaware limited liability company and wholly owned direct subsidiary of the Company ("**Merger Sub LLC**"), and American Bitcoin Corp., a Delaware corporation ("**ABTC**"), entered into an Agreement and Plan of Merger (the "**Merger Agreement**"), pursuant to which, subject to the terms and conditions set forth therein, (i) Merger Sub Inc. will merge with and into ABTC, with ABTC surviving the merger (the "**First Merger**") as a wholly owned direct subsidiary of the Company (the corporation surviving the First Merger, the "**First Merger Surviving Corporation**") and (ii) immediately after the First Merger, the First Merger Surviving Corporation will merge with and into Merger Sub LLC, with Merger Sub LLC surviving the merger as a wholly owned direct subsidiary of the Company (the "**Second Merger**" and, together with the First Merger, the "**Mergers**"). The Company following the Mergers is referred to below as the "**Combined Company**."

In connection with the transactions contemplated by the Merger Agreement, the Company held a special meeting of stockholders (the "**Special Meeting**") on August 27, 2025.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

At the Special Meeting, among other things, the Company's stockholders approved the Amended and Restated American Bitcoin Corp. 2025 Omnibus Incentive Plan (the "**2025 Plan**"). The 2025 Plan will become effective as of the closing of the Mergers and permits grants of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other stock-based awards to employees and certain consultants of the Combined Company and its subsidiaries and certain of its affiliates and to members of the Board of Directors of the Combined Company (the "**Combined Company Board**").

Subject to adjustment upon certain changes in the Combined Company's capitalization and the automatic increase (described below), the total number of shares reserved and available for issuance pursuant to the 2025 Plan (the "**Share Reserve**") will not exceed 20% of the total number of issued and outstanding fully diluted shares of Combined Company common stock as of the closing of the Mergers. The Share Reserve will automatically increase on January 1st of each year, for a period of not more than ten years, commencing on January 1, 2026 and ending on (and including) January 1, 2035 by the lesser of (a) a number of shares of Combined Company common stock equal to the excess of (i) 20% of the number of issued and outstanding fully diluted shares of Combined Company common stock on December 31 of the immediately preceding calendar year over (ii) the number of shares of Combined Company common stock then reserved for issuance under the 2025 Plan as of such date and (b) such number of shares of Combined Company common stock determined by the Combined Company Board.

The 2025 Plan will expire on tenth anniversary of its effective date, unless terminated sooner by the Combined Company Board or its delegate.

A summary of the 2025 Plan is provided in the Company's definitive proxy statement/prospectus, filed with the Securities and Exchange Commission on July 31, 2025 (the "**Definitive Proxy Statement/Prospectus**"), and is incorporated herein by reference. That summary and the foregoing description of the 2025 Plan do not purport to be complete and are qualified in their entirety by the full text of the 2025 Plan, which is attached as Annex G to the Definitive Proxy Statement/Prospectus.

**Item 5.07 Submission of Matters to a Vote of Security Holders**

The Company completed the Special Meeting on August 27, 2025. The number of shares of common stock, par value $0.0001 per share (the "**Common Stock**"), of the Company entitled to vote at the Special Meeting was 82,132,669 shares. The number of shares of Common Stock present or represented by valid proxy at the Special Meeting was 52,509,156 shares, representing 63.9% of the shares of Common Stock outstanding and entitled to vote as of the record date of July 25, 2025. At the Special Meeting, the Company's stockholders:

● approved (a) the issuance of Combined Company stock, which will represent more than 20% of the shares of Common Stock outstanding immediately prior to the completion of the Mergers, to stockholders of ABTC as merger consideration pursuant to the terms of the Merger Agreement and the transactions contemplated therein and (b) the change of control resulting from such issuance and the Mergers, pursuant to Nasdaq Listing Rules 5635(a) and 5635(b), respectively (the "**Stock Issuance Proposal** ");

● approved and adopted the proposed amended and restated certificate of incorporation of the Combined Company (the "**Proposed Charter** ", and such proposal, the "**Charter Proposal** ");

● approved, on an advisory and non-binding basis, five separate proposals (the "**Advisory Charter Proposals**") to approve certain governance provisions in the Proposed Charter:

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| | |
|:---|:---|
| ◌ | to change the corporate name of the Combined Company to "American Bitcoin Corp." at and from the time of the Mergers ("**Proposal 3**"); |

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| | |
|:---|:---|
| ◌ | to change the total number of authorized shares of capital stock of the Combined Company to 735,000,000,000 shares, consisting of: (i) 635,000,000,000 shares of common stock, $0.0001 par value per share, comprised of (a) 500,000,000,000 shares of Class A common stock, (b) 10,000,000,000 shares of Class B common stock and (c) 125,000,000,000 shares of Class C common stock; and (ii) 100,000,000,000 shares of preferred stock, $0.0001 par value per share ("**Proposal 4**"); |

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| | |
|:---|:---|
| ◌ | to provide for each outstanding share of Combined Company Class A common stock to be entitled to one vote per share, Class B common stock to be entitled to 10,000 votes per share and Class C common stock to be entitled to ten (10) votes per share ("**Proposal 5**"); |

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| | |
|:---|:---|
| ◌ | to permit any action that is required or permitted to be taken by the stockholders of the Combined Company to be effected by written consent in lieu of a meeting until the date at which the holders of Class B common stock cease to represent at least 50% of total voting power of the outstanding shares of capital stock of the Combined Company then entitled to vote generally in the election of directors (the "**Voting Threshold Date**") and provide that, after the Voting Threshold Date, no action shall be permitted to be taken by the stockholders of the Combined Company by written consent ("**Proposal 6**"); and |

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| | |
|:---|:---|
| ◌ | to require the affirmative vote of a supermajority of the holders of capital stock of the Combined Company for certain amendments to the Proposed Charter ("**Proposal 7**"); |

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● approved, on an advisory and non-binding basis, the "golden parachute" compensation payments that will or may be made by the Company to its named executive officers in connection with the Mergers (the "**Advisory Golden Parachute Proposal** ");

● approved the 2025 Plan (the "**Plan Amendment Proposal** "); and

● approved the adjournment of the Special Meeting to the extent there were insufficient proxies at the Special Meeting to approve any one or more of the foregoing proposals (the "**Adjournment Proposal** "). Although the Adjournment Proposal was approved, the Company did not adjourn the Special Meeting to solicit additional proxies to approve any of the proposals.

The following is a tabulation of the voting on the proposals presented at the Special Meeting:

***The Stock Issuance Proposal***

 ****

The Stock Issuance Proposal was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 43070651 | 537226 | 329871 | 8571408 |

---

***The Charter Proposal***

The Charter Proposal was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 43016270 | 518172 | 403306 | 8571408 |

---

***Proposals 3-7 – The Advisory Charter Proposals***

*Proposal 3*

 

Proposal 3 was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 51725474 | 390582 | 393100 | 0 |

---

 

*Proposal 4*

 

Proposal 4 was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 38421024 | 5056123 | 460601 | 8571408 |

---

 

*Proposal 5*

 

Proposal 5 was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 38132663 | 5404139 | 400946 | 8571408 |

---

 

*Proposal 6*

 

Proposal 6 was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 38866009 | 4661947 | 409792 | 8571408 |

---

 

*Proposal 7*

 

Proposal 7 was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 38849332 | 4730306 | 358110 | 8571408 |

---

 ****

***Advisory Golden Parachute Proposal***

The Advisory Golden Parachute Proposal was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 37711163 | 5685884 | 540701 | 8571408 |

---

***Plan Amendment Proposal***

The Plan Amendment Proposal was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 38223136 | 5060756 | 653856 | 8571408 |

---

 ****

***Adjournment Proposal***

The Adjournment Proposal was approved. The voting results were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 51184528 | 800177 | 524451 | 0 |

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**Item 7.01 Regulation FD Disclosure.**

On August 29, 2025, the Company issued a press release announcing a reverse stock split of its issued and outstanding Common Stock at a ratio of five to one, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

**Item 9.01 Financial Statements and Exhibits.**

(d) <u>Exhibits</u>

The following exhibits are being filed or furnished, as applicable, with this Current Report on Form 8-K:

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release, dated August 29, 2025.](ea025458001ex99-1_gryphon.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  | **GRYPHON DIGITAL MINING, INC.** | **GRYPHON DIGITAL MINING, INC.** | **GRYPHON DIGITAL MINING, INC.** |
| Date: August 29, 2025 | By: | /s/ Steve Gutterman | /s/ Steve Gutterman |
|  |  | Name: | Steve Gutterman |
|  |  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Gryphon Digital Mining Announces Stockholder Approval of Merger Transaction with American Bitcoin**

**LAS VEGAS, NV, August 29, 2025 (ACCESS Newswire)** – Gryphon Digital Mining, Inc. (Nasdaq: GRYP) (the "Company"), an innovative venture in the Bitcoin mining space, today announced that during its Special Meeting of Stockholders held on Wednesday, August 27, 2025, Gryphon stockholders approved the previously announced stock-for-stock merger transaction with American Bitcoin (the "Transaction").

In connection with the Transaction and following approval by its Board of Directors (the "Board"), Gryphon will implement a reverse stock split (the "Reverse Stock Split") of the Company's outstanding shares of common stock at a ratio of 5-for-1. The Reverse Stock Split is being effected to satisfy Nasdaq's listing requirements for minimum bid price in connection with the Transaction. The Reverse Stock Split will not impact the company's market capitalization or the proportionate ownership interests of its stockholders, other than adjustments resulting from the treatment of fractional shares.

The Reverse Stock Split is expected to become effective as of 5:00 p.m. Eastern Time on September 2, 2025 (the "Split Effective Time"). Upon closing of the Transaction, the Company's common stock is expected to begin trading on Nasdaq on a split-adjusted basis as Class A Common Stock, under the new CUSIP number 02462A104 and the ticker symbol "ABTC," under the American Bitcoin brand.

At the Split Effective Time, every five issued and outstanding shares of the Company's common stock will be combined automatically into one share of the Company's common stock. No fractional shares will be issued in connection with the Reverse Stock Split, and stockholders who otherwise would be entitled to receive a fraction of a share because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will automatically be entitled to receive an additional fraction of a share of the Company's common stock, to round up to the next whole share. Cash will not be paid for fractional shares.

The Reverse Stock Split will apply to shares of the Company's common stock issuable upon exercise or conversion of the Company's outstanding equity awards and warrants. Proportional adjustments will be made to the number of shares issuable upon the exercise of the Company's outstanding equity awards, in accordance with the terms of such awards and its equity compensation plans, and the number of shares issuable upon the exercise of the Company's outstanding warrants will be adjusted in accordance with the terms of such warrants.

The Reverse Stock Split will reduce the current number of outstanding shares of the Company's common stock from approximately 82.8 million to approximately 16.6 million, not including issuances in connection with the Transaction.

The Company's stockholders previously approved a reverse stock split at a special meeting of stockholders on May 24, 2025. The Reverse Stock Split and 5-for-1 ratio is within the range approved by the stockholders at such meeting. The Board approved the Reverse Stock Split at the 5-for-1 ratio on August 22, 2025. Additional information about the Reverse Stock Split can be found in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission ("SEC") on April 21, 2025.

Registered stockholders who hold shares of the Company's common stock in uncertificated form are not required to take any action to receive post-Reverse Stock Split shares, and holders of certificated shares will receive instructions from Continental Stock Transfer & Trust Company, the Company's transfer agent. Stockholders owning shares through an account at a brokerage firm, bank, dealer, custodian or other similar organization acting as nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker's particular processes, and will not be required to take any action in connection with the Reverse Stock Split.

**About the Company**

Gryphon Digital Mining, Inc. is an innovative venture in the Bitcoin mining space. More information is available on www.gryphondigitalmining.com.

**About American Bitcoin**

American Bitcoin Corp. is a majority-owned subsidiary of Hut 8 Corp. focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company combines Hut 8's proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump's commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit www.abtc.com.

**Cautionary Note Regarding Forward-Looking Information**

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, the timing and completion of the Reverse Stock Split; the post-Reverse Stock Split trading on Nasdaq; the treatment of fractional shares of common stock in connection with the Reverse Stock Split and the adjustments applicable to the Company's outstanding equity awards and warrants.

Forward-looking statements are not statements of historical fact, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by management as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to factors that may affect the future business, results, financial position and prospects of the Company. Additional factors that could cause results to differ materially from those described above can be found in the definitive proxy statement/prospectus with respect to the proposed transaction between the Company and American Bitcoin Corp. filed by the Company with the SEC on July 31, 2025, in the Company's most recent annual report on Form 10-K for the fiscal year ended December 31, 2024 and in other documents filed by the Company with the SEC.

**Investor Contact**

Name: James Carbonara<br> Company: Hayden IR<br> Phone: (646) 755-7412<br> Email: james@haydenir.com