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Shenchao TechFlow News, July 01, according to PRNewswire, Trump family crypto mining company American Bitcoin announced that it will implement a 1-for-15 reverse stock split on July 2, 2026, Eastern Time. After the split, its common stock will resume trading on the Nasdaq Capital Market on July 6, 2026, at the adjusted price, with the trading symbol remaining ABTC, but the CUSIP number will be updated.
American Bitcoin stated that the main purpose of this reverse stock split is to meet Nasdaq's minimum bid price requirement, thereby maintaining its listing eligibility, and the plan has been approved by the shareholders' meeting and the board of directors.