---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-041698"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:03:51.156543+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Gryphon to merge with American Bitcoin Corp; ABTC holders get 98% of combined entity

## Summary
- ABTC stockholders to receive ~98% of combined company; Gryphon holders receive ~2% in reverse merger.
- Post-closing, Gryphon renamed American Bitcoin Corp; Matt Prusak to become CEO.
- Gryphon amends Anchorage warrant: exercise price cut from $1.50 to $0.55 per share.
- Support agreements with Anchorage and Gryphon D&Os; ABTC holder ABH also agrees to vote in favor.
- Closing subject to stockholder approvals, Nasdaq listing, and other customary conditions.

## SEC filing metadata
- accession: 0001213900-25-041698
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390025041698/0001213900-25-041698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390025041698/ea0241679-8k425_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-041698
- JSON: https://secwatch.observer/filing/0001213900-25-041698.json
- Plain text: https://secwatch.observer/filing/0001213900-25-041698.txt

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