Reverse Stock Split Effective Date and Trading Arrangements
On July 1, 2026, American Bitcoin Corp. (NASDAQ: ABTC) announced that its 1-for-15 reverse stock split will become effective at 5:00 p.m. Eastern Time on July 2, 2026. The company expects its Class A common stock to begin trading on a reverse split-adjusted basis on the Nasdaq Capital Market under the same ticker symbol ABTC when the market opens on July 6, 2026, with a new CUSIP number 02462A 203.
The reverse stock split is a critical step for the company to maintain its Nasdaq listing eligibility. By consolidating shares, the company aims to raise the per-share trading price above the minimum bid price requirement (typically $1). The split was approved by stockholders at the annual meeting held on June 22, 2026, and the board subsequently ratified the 1-for-15 ratio.
Split Details: Significant Reduction in Share Count
Upon effectiveness, every 15 issued and outstanding shares of Class A common stock will be automatically combined into one share; the same ratio applies to Class B common stock. The company has no outstanding Class C common stock. Prior to the split, total outstanding shares were 1,092,295,800, comprising 360,070,897 Class A shares and 732,224,903 Class B shares. Post-split, the total will drop to approximately 73 million shares, including about 24 million Class A shares and 49 million Class B shares, subject to fractional share adjustments.
The reverse split does not affect the number of authorized shares or the par value of any class. No fractional shares will be issued; instead, holders will receive cash payments (without interest) from the transfer agent, Continental Stock Transfer & Trust Company, in lieu of any fractional shares.
Stockholder Instructions: Automatic Adjustment, No Action Required
Registered stockholders holding pre-split shares do not need to take any action to receive post-split shares. Those holding shares through brokers, banks, trusts, or other nominees will have their positions automatically adjusted according to the intermediary's processes. Stockholders holding physical certificates will receive a transmittal letter from the transfer agent with instructions shortly after the effective date.
The company emphasized that the primary purpose of the reverse split is to increase the per-share price of its Class A common stock to maintain Nasdaq listing compliance. Additional details were provided in the definitive proxy statement filed with the SEC on April 27, 2026, available on the SEC website and at www.abtc.com.
About American Bitcoin Corp.
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform building America's Bitcoin infrastructure backbone. It offers institutional-grade exposure to Bitcoin through an innovative business model that combines large-scale self-mining with disciplined accumulation strategies. For more information, visit abtc.com or follow @ABTC on X (formerly Twitter).
The company plans to release operational updates, financial data, and Bitcoin holdings metrics on its website and official social media channels. The investor relations section (abtc.com/investors) will host presentations and conference schedules.
Forward-Looking Statements and Risk Factors
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing and expected benefits of the reverse stock split, continued Nasdaq listing, and potential higher stock price. Actual results may differ materially due to risks such as Bitcoin price volatility, hashrate growth failure, miner procurement issues, Bitcoin network acceptance, mining pool dependencies, halving events, merger benefits realization, reliance on Hut 8, liquidity constraints, competition, power supply, cybersecurity, key personnel dependence, technology changes, regulatory changes, climate risks, litigation, stock price volatility, and the company's multi-class capital structure. Detailed risk factors are outlined in the company's 10-K for the fiscal year ended December 31, 2025, and other SEC filings.