SplitJun 24, 2026, 05:03 PM
American Bitcoin Corp. Board Approves 1-for-15 Reverse Stock Split
AI Summary
American Bitcoin Corp. announced that its Board of Directors approved a 1-for-15 reverse stock split ratio, following stockholder approval of a charter amendment to effect a reverse stock split within a range of 1-for-5 to 1-for-40. The company expects to effectuate the split as soon as practicable. Additionally, stockholders elected Asher Genoot as a Class I director and ratified KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2026.
Key Highlights
- Board approved a 1-for-15 reverse stock split ratio.
- Stockholders approved a reverse stock split amendment with a ratio range of 1-for-5 to 1-for-40.
- Asher Genoot was elected as Class I director for a three-year term.
- Stockholders ratified KPMG LLP as the independent registered public accounting firm for 2026.
- 93.56% of voting power was represented at the Annual Meeting.
Price Impact
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