Dominari Holdings Inc. announced that American Bitcoin has entered into a definitive merger agreement with Nasdaq-listed Gryphon Digital Mining, Inc. This stock-for-stock transaction will result in American Bitcoin becoming a publicly traded entity.
Upon closing, which is expected in the third quarter of this year, former American Bitcoin stockholders, including Dominari Holdings, will own approximately 98% of the combined company. The new entity will operate under the American Bitcoin brand and is expected to trade on Nasdaq under the ticker symbol 'ABTC'.
Dominari Holdings, as an early investor, views this merger as a significant milestone and value creation for its shareholders. The transaction validates Dominari's vision and broader strategy of investing in the digital asset mining sector.
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