secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001213900-25-003061
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gryphon Digital Mining raises $2.85M in registered direct offering of common stock and warrants
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- Gross proceeds of approximately $2.85 million from sale of 6,941,856 shares and warrants to purchase 6,941,856 shares.
- Warrants have exercise price of $1.50 per share; combined purchase price $0.40 for third-party investors and $0.516 for directors/officers.
- Closing expected on or about January 14, 2025, subject to customary conditions.
- Net proceeds to be used for general corporate purposes including bitcoin mining expansion, capital expenditures, and AI infrastructure.
- Offered under effective shelf registration statement; prospectus supplement filed January 13, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390025003061/0001213900-25-003061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390025003061/ea0226364-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-003061

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