---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-001743"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:54:21.956891+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Akerna amends asset sale: cash at closing cut to $2M, outside date extended to Dec 31

## Summary
- Cash at closing reduced from $4M to $2M; MJA to loan additional $500k, raising total loan to $1.5M.
- Outside date for closing extended from Sep 29 to Dec 31, 2023.
- If Ample shares sold to third party for >$700k, Akerna retains excess proceeds.
- Amended note converts principal to stock at 5-day VWAP; capped at 19.99% without stockholder vote.
- Akerna seeks stockholder approval for note conversion and other matters at special meeting.

## SEC filing metadata
- accession: 0001013762-23-001743
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000101376223001743/0001013762-23-001743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000101376223001743/ea186332-8k425_akerna.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-001743
- JSON: https://secwatch.observer/filing/0001013762-23-001743.json
- Plain text: https://secwatch.observer/filing/0001013762-23-001743.txt

## Key facts
- Material Agreements
  American Bitcoin Corp. amended First Amendment with Akerna Canada Ample Exchange Inc. and MJ Acquisition Corp. (effective 2023-09-28).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Akerna Canada Ample Exchange Inc. and MJ Acquisition Corp.
  - Effective: 2023-09-28
  source text: On September 28, 2023, Akerna, Akerna Exchange and MJA entered into a first amendment to the SPA (the “Amendment”) which amends certain of the terms of the SPA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000101376223001743/0001013762-23-001743-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.