American Bitcoin to Implement 1-for-15 Reverse Stock Split to Maintain Nasdaq Listing

CoinFeed July 1 news: According to PR Newswire, American Bitcoin Corp. (Nasdaq: ABTC) announced that its common stock will implement a 1-for-15 reverse stock split, expected to take effect at 17:00 on July 2, 2026, and will continue trading on the Nasdaq Capital Market at the adjusted price starting July 6, with the ticker symbol unchanged. Every 15 shares of the company's Class A and Class B common stock will automatically combine into 1 share, without adjusting authorized capital and par value. Fractional shares will be paid in cash by the transfer agent. After the split, the total outstanding shares will decrease from approximately 1.092 billion to about 73 million, of which approximately 24 million are Class A and about 49 million are Class B.