---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-088354"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:18:08.204209+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Akerna amends sale terms, gets $150K additional loan; note principal raised to $1.65M

## Summary
- Cash at closing reduced from $2M to $1.85M; MJA loans additional $150K for working capital.
- Convertible note principal increased from $1.5M to $1.65M; converts at 5-day VWAP pre-closing.
- If Ample shares sold to third party, Akerna must pass on up to $700K proceeds (less $20K legal).
- Holders of 2021 senior secured notes waived default provisions to permit the additional debt.

## SEC filing metadata
- accession: 0001213900-23-088354
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390023088354/0001213900-23-088354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390023088354/ea188645-8k425_akerna.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-088354
- JSON: https://secwatch.observer/filing/0001213900-23-088354.json
- Plain text: https://secwatch.observer/filing/0001213900-23-088354.txt

## Key facts
- Material Agreements
  American Bitcoin Corp. amended Second Amendment to Securities Purchase Agreement with MJ Acquisition Corp. valued at reduced cash at closing from $2 million to $1.85 million; additional loan of $150,000; amended conve (effective 2023-11-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: MJ Acquisition Corp.
  - Value: reduced cash at closing from $2 million to $1.85 million; additional loan of $150,000; amended conve
  - Effective: 2023-11-15
  source text: On November 15, 2023, Akerna, Akerna Exchange and MJA entered into a second amendment to the SPA (the "Second Amendment"), which amends certain of the terms of the SPA as amended by the First Amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023088354/0001213900-23-088354-index.htm

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