Svmuu News Donald Trump American Bitcoin, a family-owned cryptocurrency mining company, is expected to officially implement a 1-for-15 reverse stock split at 5:00 p.m. on July 2, 2026.Its Class A common stock is expected to begin trading on the Nasdaq capital markets at the opening bell on July 6, 2026, on a post-split basis, with the ticker symbol remaining ABTC.
This reverse stock split will reduce the company’s number of shares outstanding from 1,092,295,800 to approximately 73 million, with Class A common stock reduced to approximately 24 million,Class B common shares to approximately 49 million. This move is intended to raise the per-share trading price to maintain compliance with the minimum bid price requirements for listing on the Nasdaq. The reverse stock split proposal was approved at the shareholders’ meeting held on June 22, 2026. (PR Newswire)