American Bitcoin Corp. (ABTC): M&A transaction — Gryphon completes reverse merger with American Bitcoin Corp.; Hut 8 subsidiary gains ~80% voting control

American Bitcoin Corp.

On Sept 3, 2025, Gryphon merged with Historical ABTC; combined company renamed American Bitcoin Corp. and trades as ABTC.
Former ABTC stockholders received ~98% of combined company common stock; legacy Gryphon holders hold ~2%.
American Bitcoin Holdings LLC (Hut 8 subsidiary) holds 585.8M Class B shares with 10,000 votes each, ~80% voting power.
New board: Richard Busch, Justin Mateen, Michael Broukhim, Asher Genoot (Exec. Chairman), Michael Ho (CEO); Matt Prusak President & interim CFO.
Prior to merger, Gryphon effected a 5:1 reverse stock split; all pre-merger directors and officers resigned.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

American Bitcoin Corp. underwent a change of control involving American Bitcoin Holdings LLC (closed 2025-09-03).

Action: change of control
Counterparty: American Bitcoin Holdings LLC
Closing: 2025-09-03

Exact text from the filing

A change in control of the Company occurred on September 3, 2025.

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

American Bitcoin Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-083726

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