---
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"
generated_at: "2026-05-24T23:50:52.440126+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gryphon Digital receives Nasdaq delisting notice; settles litigation with Sphere 3D with no payments

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-022828
- JSON: https://secwatch.observer/filing/0001213900-25-022828.json
- Plain text: https://secwatch.observer/filing/0001213900-25-022828.txt

## Key facts
- Listing & Compliance Notices
  American Bitcoin Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5505(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5505(b)(1)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390025022828/0001213900-25-022828-index.htm

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