Gryphon Digital Mining, Inc. announced on August 29, 2025, that its stockholders approved the previously announced stock-for-stock merger transaction with American Bitcoin Corp. during a Special Meeting held on August 27, 2025.
In connection with the approved transaction, Gryphon's Board of Directors has authorized and will implement a reverse stock split of the company's outstanding shares of common stock at a ratio of 5-for-1. This action is often taken to increase share price and maintain Nasdaq listing compliance.
Upon the closing of the transaction, the combined company will operate under the American Bitcoin brand, led by American Bitcoin's management and board of directors. The new entity is expected to begin trading on Nasdaq under the ticker symbol "ABTC" in early September 2025.
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