American Bitcoin Announces 1:15 Reverse Stock Split to Maintain Nasdaq Listing

According to Odaily, American Bitcoin, the bitcoin mining and treasury company founded by Eric Trump and Donald Trump Jr., announced a 1:15 reverse stock split this week to comply with Nasdaq's minimum $1 bid price requirement. The split takes effect after Thursday's close and resumes trading on Monday under the ABTC ticker, reducing outstanding shares from approximately 1.09 billion to 73 million. The company's stock fell to approximately $0.64 this week, marking a 64% decline year-to-date.
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Radish520vip
· 14h ago
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