Trump's son's Bitcoin mining company American Bitcoin announces a "15-for-1" reverse stock split, effective 7/6.

Bitcoin concept stocks face a compliance battle in capital markets! Hut 8's majority-owned subsidiary, American Bitcoin Corp. (NASDAQ ticker: ABTC), today (1st) released an official announcement stating that it will formally launch a 1-for-15 reverse stock split plan. This move aims to quickly boost the company's depressed stock price to meet the Nasdaq Capital Market's minimum bid price requirement and avoid delisting. The new system is expected to take effect at the market open on Monday, July 6.
(Previous context: Trump's son's Bitcoin mining company American Bitcoin activates 11k new miners! Eric Trump proclaims: Efficiently accumulating coins at institutional scale)
(Background supplement: Trump's son's Bitcoin mining company American Bitcoin plummets 39%! Lock-up expiration of private placement shares triggers selling pressure)

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• 15 shares merged into 1 to safeguard Nasdaq listing status
• Overview of ABTC stock data before and after the split
• Fractional shares will be settled in cash; investors need no additional action

American Bitcoin Corp. (NASDAQ ticker: ABTC), a publicly listed company focused on building Bitcoin infrastructure in the United States, has resorted to drastic measures to preserve its ticket to the capital markets.

As a majority-owned subsidiary of the well-known Bitcoin mining company Hut 8 Corp., ABTC today (1st) formally announced that the effective date and execution details of its reverse stock split plan have been fully finalized.

15 shares merged into 1 to safeguard Nasdaq listing status

This reverse split plan was approved at the annual shareholder meeting on June 22, 2026, and subsequently, the board of directors decided on a 1-for-15 (merging every 15 shares into 1) split ratio. In the announcement, ABTC stated that the primary purpose of this action is to materially increase the per-share trading price of its Class A common stock to meet the strict minimum bid price requirement for listed companies on the Nasdaq Capital Market, thereby maintaining the company's listing status.

According to the schedule, the reverse split will take effect at 5:00 PM Eastern Time on July 2, 2026. Subsequently, ABTC's Class A common stock is expected to continue trading on Nasdaq at the market open on Monday, July 6, 2026, under the adjusted new share count and new CUSIP number (02462A 203), with the stock ticker ABTC remaining unchanged.

Overview of ABTC stock data before and after the split

| Item | | --- | Status before split (Current) | Estimated after split (15:1) | | --- | --- | --- | | Total outstanding shares | Approximately 1.0922 billion shares | Significantly reduced to approximately 73 million shares | | Class A common stock | Approximately 360.07 million shares | Approximately 24 million shares | | Class B common stock | Approximately 732.22 million shares | Approximately 49 million shares | | Authorized shares and par value per share | Remain unchanged | Unaffected, remain unchanged |

Fractional shares will be settled in cash; investors need no additional action

Regarding the share conversion issues of most concern to investors, ABTC stated that this split will not issue any fractional shares. If a shareholder ends up with a fractional share of less than one whole share after the merger, the transfer agent (Continental Stock Transfer & Trust Company) will automatically settle it in cash (without interest).

On an operational level, whether for directly registered shareholders or investors holding shares through brokers and banks, the system and brokers will automatically adjust the shares in the accounts. Shareholders need take no action. A small number of shareholders holding physical stock certificates will receive a formal letter and exchange instructions from the agent after the split takes effect.

Amid recent market headwinds where Bitcoin has fallen below $60k, Bitcoin-related companies are facing significant pressure on operations and valuations. Whether ABTC's action of using financial engineering to "preserve its shell" can subsequently regain market confidence with Hut 8's parent company resources and disciplined accumulation strategy remains to be seen from market capital flows after the market opens on July 6.