{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-090968","form_type":"8-K","ticker":"ABTC","cik":"0001755953","company_name":"American Bitcoin Corp.","filed_at":"2024-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.481454+00:00","generated_at":"2026-05-30T09:46:08.160409+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Gryphon restructures $18M Anchorage debt; converts $13M to equity at $1.10/share, board seat to Anchorage","bullets":["Debt reduced from ~$18M (304 BTC) to $5M; ~$13M converted into 8.3M shares and 3.5M pre-funded warrants at $1.10 per share.","New $5M loan: 4.25% interest, 3-year term, interest-only, convertible at $1.10 and $1.50 per share.","Issued warrants to purchase 2M shares at $1.50 per share, exercisable for 5 years.","Dan Grigorin, portfolio manager at Anchorage Digital, appointed to board (Class III, term through 2027).","Anchorage Digital becomes largest shareholder with board seat; stockholder approval required for conversion above 19.99%."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-090968","json":"https://secwatch.observer/filing/0001213900-24-090968.json","markdown":"https://secwatch.observer/filing/0001213900-24-090968.md","text":"https://secwatch.observer/filing/0001213900-24-090968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024090968/0001213900-24-090968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024090968/ea0218675-8k_gryphon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T09:46:08.160409+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54a09b940d","claim":"Dan Grigorin was appointed as Director at American Bitcoin Corp..","evidence_excerpt":"appointed Mr. Dan Grigorin, age 33, to fill the new Board seat as a Class III director (with a term expiring at the Company’s 2027 annual meeting of stockholders), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024090968/0001213900-24-090968-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}