Effective Date and Trading Arrangements
American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, announced on July 1, 2026, that its 1-for-15 reverse stock split of common stock will become effective at 5:00 p.m. 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 symbol ABTC when the market opens on July 6, 2026, with the new CUSIP number 02462A 203.
Split Details: Ratio, Share Changes, and Fractional Share Treatment
Under the reverse split, every 15 issued and outstanding shares of Class A common stock will be automatically reclassified into one share, and similarly for Class B common stock. There are no outstanding shares of Class C common stock. The total outstanding shares will be reduced from 1,092,295,800 (comprising 360,070,897 Class A shares and 732,224,903 Class B shares) to approximately 73 million shares (approximately 24 million Class A and 49 million Class B). No fractional shares will be issued; holders of fractional shares will receive a cash payment from the transfer agent, Continental Stock Transfer & Trust Company.
Shareholder Action Guide: No Action Required
Registered stockholders holding pre-split shares do not need to take any action to receive post-split shares. Stockholders owning shares through brokers, banks, trusts, or other nominees will have their positions automatically adjusted, subject to each nominee's processes. Stockholders holding physical certificates will receive a transmittal letter from the transfer agent with instructions shortly after the effective date.
Purpose: Maintaining Nasdaq Listing Compliance
The primary purpose of the reverse stock split is to increase the per-share price of the Company's common stock, particularly its Class A common stock currently trading on Nasdaq, to maintain compliance with the minimum bid price requirement for continued listing. The reverse split was approved by shareholders at the annual meeting on June 22, 2026, and the board subsequently fixed the 1-for-15 ratio. Additional details are available in the definitive proxy statement filed with the SEC on April 27, 2026.
Company Background and Business Model
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform that combines scaled self-mining operations with disciplined accumulation strategies to provide institutional-grade exposure to Bitcoin. For more information, visit abtc.com and follow @ABTC on X.
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, relating to the timing and anticipated benefits of the reverse stock split, including continued Nasdaq listing and potential price appreciation. Actual results may differ materially due to risks such as Bitcoin price volatility, failure to grow hashrate, competition, cybersecurity threats, liquidity constraints, and other factors detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent SEC filings.