---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-034194"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:11:17.230118+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Akerna sells cannabis software business to MJ Acquisition for $5M, terminates POSaBIT deal

## Summary
- Sale of MJ Freeway and Ample Organics to MJ Acquisition Co for $5M ($4M cash + $1M note deemed paid at closing).
- Terminates prior POSaBIT SPA; owes $140K termination fee plus up to $60K expenses to POSaBIT.
- Sale conditioned on stockholder approval and simultaneous closing with previously announced Gryphon merger.
- Issues $1M secured promissory note (10% interest, due Apr 2024) to MJA; secured by all personal property.
- Executives, directors, and noteholders sign voting agreements to support sale and merger proposals.

## SEC filing metadata
- accession: 0001213900-23-034194
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390023034194/0001213900-23-034194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390023034194/ea177472-8k425_akerna.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-034194
- JSON: https://secwatch.observer/filing/0001213900-23-034194.json
- Plain text: https://secwatch.observer/filing/0001213900-23-034194.txt

## Key facts
- Debt Financings
  American Bitcoin Corp. incurred loan of $1,000,000 with MJ Acquisition Corp. at ten percent (10%) per annum maturing April 28, 2024.
  - Instrument: loan
  - Principal: $1,000,000
  - Counterparty: MJ Acquisition Corp.
  - Rate: ten percent (10%) per annum
  - Maturity: April 28, 2024
  - Event: incurrence
  source text: Concurrently with the SPA, Akerna, Akerna Exchange, and MJA entered into a secured promissory note, dated April 28, 2023 (the “MJA Note”) whereby Akerna promises to pay to the order of MJA or its registered assigns the amount of $1,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023034194/0001213900-23-034194-index.htm

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