American Bitcoin Sets July 2 Effective Date for 1-for-15 Reverse Stock Split
ABTC is trading near its 52-week low of $0.665 (4.4% above the low).
Summary
American Bitcoin Corp. announced the effective date for its 1-for-15 reverse stock split, which will take effect on July 2, 2026. Split-adjusted trading is expected to begin on July 6, 2026. This action follows shareholder approval on June 22 and the board's decision to set the 1-for-15 ratio on June 24. The reverse split is primarily intended to increase the per-share price to maintain compliance with Nasdaq's minimum bid price requirement, as the stock has been trading near its 52-week low.
At the time of this announcement, ABTC was trading at $0.69 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $724M. The 52-week trading range was $0.67 to $14.52. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.