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Trump family-linked mining company ABTC announces 1-for-15 reverse stock split to be implemented on July 2.
BlockBeats News, July 1 - American Bitcoin (NASDAQ: ABTC) today announced that, as a "Bitcoin accumulation platform" focused on building U.S. Bitcoin infrastructure, the company plans to implement a 1-for-15 reverse stock split of its common stock, effective at 5:00 p.m. ET on July 2, 2026.
The company expects that its Class A common stock, as adjusted by the reverse stock split, will resume trading on the Nasdaq Capital Market at the opening of trading on July 6, 2026, under the same ticker symbol ABTC.
At the effective time, every 15 issued and outstanding shares of Class A common stock will be automatically combined into one share of Class A common stock; every 15 shares of Class B common stock will also be combined into one share of Class B common stock, subject to adjustment for fractional shares. The company currently has no Class C common stock outstanding.