Gryphon assigns Captus acquisition agreement to third party; revokes 3.9M inducement shares

American Bitcoin Corp.

Gryphon assigned all rights and obligations under the Captus Agreement to 2703444 Alberta Ltd., effective May 29, 2025.
Inducement shares (3,906,605) issued to Captus management team in January 2025 are revoked and agreements terminated.
Assignee may pay Gryphon CAD $200,000 if a power purchase contract for >=100 MW is signed within 12 months.
Gryphon and its subsidiary are released from all future obligations and liabilities under the Captus Agreement.
Assignee assumes the cash deposits and the representations and warranties insurance policy under the original agreement.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.