Gryphon extends asset purchase closing to Sept 30, adds co-founder to board

American Bitcoin Corp.

Asset purchase closing extended from Aug 31 to Sep 30, 2024; additional $250,000 advance payment made.
Third and Final payments each reduced to $575,000; total purchase price unchanged at $1,500,000.
$100,000 now non-refundable unless seller breaches purchase agreement.
Board expanded from 5 to 6; Daniel Tolhurst, co-founder, appointed Class I director effective immediately.
Tolhurst served as President until Feb 2024; brings strategy experience from Netflix, Disney, Booz & Co.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Daniel Tolhurst

Class I director

ABTC · American Bitcoin Corp.

Effective: 2024-08-27
Filed: August 29, 2024, 7:59 PM ET

appointed Mr. Daniel Tolhurst, age 43, to fill the new Board seat as a Class I director (with a term expiring at the Company’s 2025 annual meeting of stockholders), effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Tolhurst was appointed as Class I director at American Bitcoin Corp..

Action: appointed
Role: Class I director

Exact text from the filing

appointed Mr. Daniel Tolhurst, age 43, to fill the new Board seat as a Class I director (with a term expiring at the Company’s 2025 annual meeting of stockholders), effective immediately.

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American Bitcoin Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-073908

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