{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-022828","form_type":"8-K","ticker":"ABTC","cik":"0001755953","company_name":"American Bitcoin Corp.","filed_at":"2025-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.735161+00:00","generated_at":"2026-05-24T23:50:52.440126+00:00","sec_items":["3.01","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Gryphon Digital receives Nasdaq delisting notice; settles litigation with Sphere 3D with no payments","bullets":["Received delisting determination on Mar 5, 2025 for failing to regain $1.00 minimum bid price by Mar 4, 2025.","Not eligible for second 180-day compliance period because it did not meet $5M stockholders' equity requirement.","Intends to request a hearing before Nasdaq Hearings Panel to stay delisting pending decision.","Settlement with Sphere 3D Corp. resolves all pending litigation with no payments made.","Settlement provides full release from all known and unknown claims, Gryphon CEO pleased to move forward."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-022828","json":"https://secwatch.observer/filing/0001213900-25-022828.json","markdown":"https://secwatch.observer/filing/0001213900-25-022828.md","text":"https://secwatch.observer/filing/0001213900-25-022828.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1755953/000121390025022828/0001213900-25-022828-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1755953/000121390025022828/ea0233531-8k_gryphon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T23:50:52.440126+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":"283a5cb88971a7760450f1628582fff9e818bbd1","claim":"American Bitcoin Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5505(b)(1)).","evidence_excerpt":"March 5, 2025, the Company received a staff delist determination letter from the Nasdaq Listing Qualifications Department, as a result of its failure to regain compliance with the Minimum Bid Price Rule. The Company was not automatically eligible for a second 180-day compliance period because it did not meet the initial listing requirement of $5.0 million of stockholders’ equity, or other listing alternatives, for Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5505(b)(1). The Company intends to timely request a hearing before a Nasdaq Hearings Panel (the “Panel”). This hearing re","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1755953/000121390025022828/0001213900-25-022828-index.htm","confidence":0.99,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2), 5505(b)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}