Key Dates and Details of the Reverse Stock Split
American Bitcoin Corp. (ABTC) announced on July 1, 2026, that its 1-for-15 reverse stock split will become effective at 5:00 p.m. ET on July 2, 2026. The company expects its Class A common stock to begin trading on a split-adjusted basis at the opening of Nasdaq on July 6, 2026, under the same ticker symbol ABTC, with a new CUSIP number 02462A 203.
Capital Structure Adjustment Details
Under the plan, every 15 issued and outstanding shares of each class of common stock will be automatically reclassified into one share. The Class A shares will decrease from 360,070,897 to approximately 24 million, Class B shares from 732,224,903 to approximately 49 million, and total outstanding shares will drop from 1,092,295,800 to approximately 73 million. No Class C shares are outstanding. The reverse split does not affect the number of authorized shares or par value. Fractional shares will not be issued; instead, holders will receive cash in lieu from the transfer agent, Continental Stock Transfer & Trust Company.
Purpose and Compliance Significance
The primary goal is to increase the per-share trading price of the Class A common stock to meet Nasdaq's minimum bid price requirement for continued listing. The reverse split was approved by shareholders at the annual meeting on June 22, 2026, with the board subsequently setting the 1-for-15 ratio. While there is no guarantee the split will achieve its intended effect, the company believes it enhances the stock's marketability and liquidity.
Shareholder Instructions
Registered stockholders holding pre-split shares do not need to take any action. Those holding shares through brokers, banks, or other nominees will have their positions automatically adjusted according to the intermediary's processes. Shareholders holding physical certificates will receive a transmittal letter from the transfer agent with instructions shortly after the effective date.
About American Bitcoin Corp.
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone. It offers institutional-grade Bitcoin exposure through a novel business model that integrates scaled self-mining with disciplined accumulation strategies. For more information, visit abtc.com or follow @ABTC on X.
Forward-Looking Statements and Risk Factors
The press release contains forward-looking statements regarding the timing and benefits of the reverse stock split, including continued Nasdaq listing and potential price improvement. Actual results may differ materially due to risks such as Bitcoin price volatility, failure to grow hashrate, miner procurement issues, competition, uncertainty in Bitcoin network adoption, reliance on third-party mining pools, hedging activities, halving events, failure to realize merger benefits, dependence on Hut 8, liquidity constraints, system failures, power availability, cybersecurity breaches, key personnel dependence, and other factors detailed in the company's annual report on Form 10-K for the year ended December 31, 2025, and subsequent SEC filings.