AGM/EGMApr 27, 2026, 06:31 AM
ABTC Annual Meeting to Vote on 1-for-5 to 1-for-40 Reverse Stock Split
AI Summary
American Bitcoin Corp. (ABTC) filed a definitive proxy statement for its Annual Meeting on June 22, 2026. Stockholders will vote on the re-election of Asher Genoot as a Class I director, the ratification of KPMG LLP as the independent auditor, and a proposal to amend the certificate of incorporation to effect a reverse stock split at a ratio between 1-for-5 and 1-for-40, at the board's discretion. The board recommends voting "FOR" all proposals.
Key Highlights
- Annual Meeting scheduled for June 22, 2026, with a record date of April 23, 2026.
- Stockholders to vote on electing Asher Genoot as Class I director for a three-year term.
- Proposal to ratify KPMG LLP as independent registered public accounting firm for 2026.
- Proposal to approve a reverse stock split at a ratio of 1-for-5 to 1-for-40.
- Reverse stock split requires affirmative vote of 66 2/3% of common stock voting power.
- American Bitcoin Corp. operates as a "controlled company" due to Hut 8's majority voting power.
- Matt Prusak, President and Interim CFO, received $76,923 salary and $500,000 bonus in 2025.
- Former CEO Steve Gutterman received $300,000 salary and $737,164 in other compensation in 2025.