secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001213900-24-013311
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 1.02, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gryphon Digital Mining completes reverse merger with Akerna; 92.5% control to former Ivy holders
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- Merger closed Feb 9: each Ivy share converted into ~1.7274 shares of common; total outstanding shares ~38.7M.
- Sale of MJ Freeway closed for ~$1.2M plus conversion of $1.65M MJA note into common stock.
- Name changed to Gryphon Digital Mining, Inc.; 1-for-20 reverse split effective Feb 8; warrants delisted.
- New board: Robby Chang (CEO), Brittany Kaiser, Heather Cox, Steve Gutterman, Jessica Billingsley; Simeon Salzman CFO.
- Legacy notes/shares exchanged: 3,244 Series C shares for 756,746 common; Akerna notes for 824,977 common; accrued compensation settled with shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024013311/0001213900-24-013311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024013311/ea193558-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-013311

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer