---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-097392"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T09:56:14.825512+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Akerna creates Series C Preferred Stock with 2,000:1 voting ratio and redemption features

## Summary
- Authorized 3,244 Series C shares, each with $1,000 par value and voting power equal to 2,000 common shares.
- Voting capped at 19.99% for any holder; purchase rights participation capped at 4.99% beneficial ownership.
- Company may redeem all outstanding shares at stated value plus unpaid dividends; holders may require redemption after Jan 25, 2024 or merger termination.
- Automatic redemption/exchange upon a Permitted Change of Control, subject to the 19.99% cap.
- Series C issued in connection with proposed merger with Gryphon Digital Mining and MJ Acquisition Corp.

## SEC filing metadata
- accession: 0001213900-23-097392
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390023097392/0001213900-23-097392-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390023097392/ea190140-8k425_akerna.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-097392
- JSON: https://secwatch.observer/filing/0001213900-23-097392.json
- Plain text: https://secwatch.observer/filing/0001213900-23-097392.txt

## Key facts
- Governance Changes
  American Bitcoin Corp.: Filed Certificate of Designations designating 3,244 shares of Series C Non-Convertible Preferred Stock with specified preferences, rights and limitations (effective 2023-12-14).
  - Change: charter amendment
  - Effective: 2023-12-14
  source text: On December 14, 2023, the Company filed with the Secretary of the State of Delaware a Certificate of Designations of Preferences, Rights and Limitations of the Series C Preferred Stock (the “Certificate of Designations”) designating 3,244 shares as Series C Preferred Stock and designating the preferences, rights and limitations of such shares of Series C Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023097392/0001213900-23-097392-index.htm

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