Key Highlights

  • American Bitcoin Corp. Will cut total issued shares from 1,092,295,800 to approximately 73 million after the reverse split.
  • Class A common stock will shrink from 360,070,897 shares to roughly 24 million shares.
  • Class B common stock will decline from 732,224,903 shares to about 49 million shares.

American Bitcoin Corp. (NASDAQ: ABTC) filed a charter amendment to carry out a 1‑for‑15 reverse stock split. The move follows shareholder approval at the June 22 annual meeting and will substantially lower the number of outstanding shares.

Reverse Split Mechanics

The board exercised authority granted at the June 22 meeting to set the split ratio within a broad range. On June 22, directors chose a 1‑for‑15 ratio, meaning every fifteen pre‑split shares consolidate into one post‑split share. This decision aligns the corporate charter with the new share structure, facilitating a more manageable outstanding share count.

Share Count Reduction

Before the split, the company had 1,092,295,800 shares outstanding, composed of 360,070,897 Class A shares and 732,224,903 Class B shares. After consolidation, total shares will be approximately 73 million, divided into about 24 million Class A shares and roughly 49 million Class B shares. No Class C shares will be issued post‑split.

Impact on Ownership

The reverse split applies uniformly to all shareholders, preserving each holder’s percentage ownership and voting rights, aside from minor adjustments due to the removal of fractional shares. Shareholders will not receive fractional share units; instead, cash payments will be made for any fractions that arise.

Adjustments to Equity Plans

The reduction in share count triggers proportional adjustments to the pool of shares available under the company’s equity compensation plan. Existing grants, vesting schedules, and outstanding warrants will be recalibrated in line with the split terms, ensuring consistency with the amended charter.

Trading Launch

On July 6, 2026, Class A common stock resumed trading under the same ticker “ABTC” but with a new CUSIP number, 02462A 203. The market price will reflect the reverse split adjustment, and liquidity is expected to align with the reduced share base.

Cash‑in‑Lieu for Fractions

Shareholders entitled to fractional shares will receive a cash amount equal to their pro‑rated share of the net proceeds from the company’s sale of those fractions, after deducting brokerage costs incurred by the transfer agent. This ensures that investors are compensated without issuing fractional stock units.

FAQs

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.