---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-098009"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:08:46.496161+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Akerna Corp. Amends Exchange Agreements and Issues Series C Preferred Stock in Exchange for Notes

## Summary
- On Dec 20, 2023, Akerna entered into Amendment No. 1 to Exchange Agreements to amend terms of Series C Preferred Stock issuance.
- Issued 3,244 shares of Series C Preferred Stock upon exchange of $3,422,000 principal amount of Existing Notes at Initial Closing on Dec 14, 2023.
- Filed Amended and Restated Certificate of Designations for Series C Preferred Stock, eliminating automatic redemption on change of control.
- From Oct 1 to Dec 20, 2023, issued 550,000 common shares upon conversion of $1,100,000 in Existing Notes.
- Amendments relate to proposed merger with Gryphon Digital Mining, as described in solicitation materials.

## SEC filing metadata
- accession: 0001213900-23-098009
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390023098009/0001213900-23-098009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390023098009/ea190592-8k425_akerna.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-098009
- JSON: https://secwatch.observer/filing/0001213900-23-098009.json
- Plain text: https://secwatch.observer/filing/0001213900-23-098009.txt

## Key facts
- Governance Changes
  American Bitcoin Corp.: Amended and Restated Certificate of Designations for Series C Preferred Stock filed, modifying Section 5(b) regarding change-of-control automatic redemption/exchange procedures (effective 2023-12-20).
  - Change: charter amendment
  - Effective: 2023-12-20
  source text: On December 20, 2023, the Company filed with the Secretary of the State of Delaware an Amended and Restated Certificate of Designations of Preferences, Rights and Limitations of the Series C Preferred Stock (the “Amended Certificate of Designations”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023098009/0001213900-23-098009-index.htm
- Material Agreements
  American Bitcoin Corp. amended Amendment No. 1 to Exchange Agreements with Holders of Exchange Agreements valued at $1,711,000 Actual Exchange Note Amount; 3,422,000 shares common stock Actual Exchange Share Amount; (effective 2023-12-20).
  - Action: amendment
  - Counterparty: Holders of Exchange Agreements
  - Value: $1,711,000 Actual Exchange Note Amount; 3,422,000 shares common stock Actual Exchange Share Amount;
  - Effective: 2023-12-20
  source text: Item 1.01 Entry into a Material Definitive Agreement. On December 20, 2023, Akerna Corp. (the “Company”) and the signatories (the “Holders”) to its Exchange Agreements, dated January 27, 2023 (the “Exchange Agreements”) entered into Amendment No. 1 to each such Exchange Agreements (the “Amended Exchange Agreements”), respectively, to amend the terms of the Exchange Agreements related to the Initial Closing (as defined therein) and the issuance of shares of the Company’s Series C Non-Convertible Preferred Stock (the “Series C Preferred Stock”) at the Initial Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390023098009/0001213900-23-098009-index.htm

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