secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K/A
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001213900-24-001238
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Akerna sells Ample Organics for $638,000 cash; files pro forma financials
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- Completed sale of indirect wholly-owned subsidiary Ample Organics on Dec 28, 2023 for $638,000 cash, subject to working capital adjustments.
- Pro forma balance sheet as of Sep 30, 2023 shows total assets reduced from $4.18M to $1.72M after removing Ample's goodwill, intangibles, and capitalized software.
- Pro forma net loss for nine months ended Sep 30, 2023 improves from ($8.04M) to ($6.99M) after removing Ample's operating results.
- Pro forma revenue for nine months ended Sep 30, 2023 declines from $6.97M to $5.31M due to elimination of Ample's software and other revenue.
- Pro forma net loss for FY2022 improves from ($59.23M) to ($46.85M) after removing Ample's results and associated impairment charges.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024001238/0001213900-24-001238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024001238/ea191161-8k425a1_akerna.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-001238

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