American Bitcoin Corp. will complete a 1-for-15 reverse stock split after markets close on Thursday, cutting its outstanding share count by more than 90%.
Key Takeaways:
American Bitcoin’s reverse split takes effect at 5 p.m. on July 2, 2026.Shares outstanding drop from 1.09 billion to about 73 million after the split.ABTC resumes trading on a split-adjusted basis July 6 under a new CUSIP.The company detailed that the split is meant to lift its per share price and keep it above Nasdaq’s minimum bid price requirement. Stockholders approved the split at the company’s annual meeting on June 22. The board then set the ratio at 1-for-15. Registered shareholders do not need to take action. Investors holding shares through a broker or bank will see their positions adjusted automatically.
“The reverse stock split is primarily intended to increase the per share price of each class of the Company’s common stock, particularly its Class A common stock, which is currently trading on Nasdaq, to maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing,” ABTC said on Wednesday.
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