The purchase price is calculated based on the number of shares of the Company’s common stock held by Gryphon shareholders at the Closing multiplied by the closing price of the Company on September 3, 2025, as demonstrated in the table below:


(in USD thousands, except share and per share data)
Class A common stock held by Gryphon shareholders		16,893,390
ABTC stock price on September 3, 2025	$	8.04
Purchase price (Class A common stock consideration transferred to Gryphon shareholders)	$	135,823

The following table summarizes the preliminary purchase price allocation of the transaction consideration to the valuations of the identifiable assets acquired and liabilities assumed as part of the business combination:


(in USD thousands)
Common stock	$	135,823
Cash and cash equivalents	$	894
Prepaid expenses		2,095
Digital assets		86
Property and equipment, net		2,450
Deposits		931
Total assets acquired	$	6,456

Accounts payable and accrued liabilities	$	13,401
Warrant liability		9,011
Total liabilities acquired	$	22,412

Net liabilities assumed	$	(15,956	)

Goodwill	$	151,779