Shareholders Approve Reverse Stock Split; Board Sets 1-for-15 Ratio to Maintain Nasdaq Listing

summarizeSummary

American Bitcoin Corp. shareholders approved a reverse stock split, and the board subsequently set the ratio at 1-for-15, a move aimed at boosting the share price to maintain Nasdaq listing compliance.

check_boxKey Events · Corporate Governance and Compliance · ABTC

• Shareholders Approve Reverse Stock Split

  Stockholders voted to approve a charter amendment allowing the board to implement a reverse stock split within a 1-for-5 to 1-for-40 range. This follows the PRE 14A filed on April 13, 2026, and DEF 14A filed on April 27, 2026, proposing this action to maintain Nasdaq listing.

• Board Sets 1-for-15 Reverse Split Ratio

  Following shareholder approval, the Board of Directors immediately approved a specific 1-for-15 reverse stock split ratio, which the company expects to effectuate as soon as practicable. This is a significant step to address the company's low share price, currently trading near its 52-week low.

• Routine Annual Meeting Approvals

  Shareholders also elected Asher Genoot as a Class I director for a three-year term and ratified KPMG LLP as the independent registered public accounting firm for 2026.

auto_awesomeAnalysis · ABTC · Crypto Assets

This 8-K confirms the execution of a critical corporate action previously proposed. The approval of the reverse stock split by shareholders and the board's subsequent decision to implement a 1-for-15 ratio is a direct response to the company's low share price, which has been trading near its 52-week low and below Nasdaq's minimum bid price requirement. While necessary to maintain its Nasdaq listing, reverse splits are generally viewed negatively by the market as they do not improve underlying fundamentals and can sometimes precede further share price declines. This action follows the company's previous disclosures regarding its intent to propose a reverse split to address listing compliance.