M&A - Anchorage Lending CA, LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-07-03

Corporate Action: Merger

Type: Update

Accession Number: 000110465925065874

Filing Summary: Amendment No. 1 to the joint statement on Schedule 13D filed on October 30, 2024, by Anchorage Lending CA, LLC and Anchor Labs, Inc. provides updates on recent developments concerning Gryphon Digital Mining, Inc. On May 10, 2025, Gryphon entered into a Warrant Amendment to reduce the exercise price of certain warrants from $1.50 to $0.55 per share, allowing Anchorage Lending to acquire shares at a lower cost. Following stockholder approval on May 24, 2025, Anchorage Lending exercised the warrants fully on June 24, 2025, acquiring a total of 4,384,470 shares. The document highlights a merger agreement entered into on May 9, 2025, involving Gryphon Digital Mining, GDM Merger Sub I Inc., GDM Merger Sub II LLC, and American Bitcoin Corp, outlining a two-step merger. Anchorage Lending’s commitment in the Voting and Support Agreement with ABTC, agreeing to vote in favor of certain merger-related proposals, is also discussed. The amendment outlines the beneficial ownership of shares and the current intentions of the reporting persons regarding their investments.