---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-051277"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T22:21:39.257312+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-051277
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390025051277/0001213900-25-051277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390025051277/ea0244685-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-051277
- JSON: https://secwatch.observer/filing/0001213900-25-051277.json
- Plain text: https://secwatch.observer/filing/0001213900-25-051277.txt

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