---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-073908"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2024-08-29T23:59:59+00:00"
generated_at: "2026-05-31T07:01:18.200454+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-073908
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2024-08-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390024073908/0001213900-24-073908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390024073908/ea0212674-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-073908
- JSON: https://secwatch.observer/filing/0001213900-24-073908.json
- Plain text: https://secwatch.observer/filing/0001213900-24-073908.txt

## Key facts
- Executive change
  Daniel Tolhurst was appointed as Class I director at American Bitcoin Corp..
  - Action: appointed
  - Role: Class I director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390024073908/0001213900-24-073908-index.htm

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