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The Trump family-affiliated mining company ABTC announced that it will implement a 1-for-15 reverse stock split on July 2nd.

MarsBitNews
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Mars Finance News: On July 1, American Bitcoin (NASDAQ code: ABTC) announced today 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 for its common stock. This adjustment will take effect at 17:00 on July 2, 2026. The company expects that the Class A common stock, adjusted for the reverse stock split, will resume trading on the Nasdaq Capital Market at the market open on July 6, 2026 under the trading symbol ABTC. At the effective time, every 15 issued and outstanding shares of Class A common stock will be automatically combined into 1 share of Class A common stock; every 15 shares of Class B common stock will also be combined into 1 share of Class B common stock, subject to adjustment under the fractional shares rules. The company currently has no outstanding Class C common stock.
BTC2.38%
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