{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-093780","form_type":"8-K","ticker":"ABTC","cik":"0001755953","company_name":"American Bitcoin Corp.","filed_at":"2024-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.482023+00:00","generated_at":"2026-05-30T06:12:48.392453+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Gryphon restructures $18M debt, converts $13M to equity at $1.10/share; leadership changes","bullets":["Converted ~$13M of 304 BTC debt (~$18M) into equity at $1.10/share (100% premium to market); remaining $5M restructured to 3-year term at 4.25% interest-only.","Anchorage becomes largest shareholder and gets board seat; restructuring strengthens balance sheet.","Steve Gutterman expanded from Director to CEO in mid-Sept; Jimmy Vaiopoulos added as Chairman; Sim Salzman continues as CFO after previously announcing retirement.","Company plans to secure low-cost power, expand mining, and move into AI hosting/computing to drive shareholder value.","CEO's performance bonuses tied to increases in share price and market capitalization, aligning with shareholder interests."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-093780","json":"https://secwatch.observer/filing/0001213900-24-093780.json","markdown":"https://secwatch.observer/filing/0001213900-24-093780.md","text":"https://secwatch.observer/filing/0001213900-24-093780.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024093780/0001213900-24-093780-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1755953/000121390024093780/ea0218823-8k_gryphon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T06:12:48.392453+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}