American Bitcoin Corp. announced that following shareholder approval at its 2026 Annual Meeting, the company's Board of Directors has approved a reverse stock split of its common stock at a ratio of 1-for-15. The company intends to effectuate the split as soon as practicable.

Key Details

  • Event Date: The annual meeting and subsequent board approval occurred on June 22, 2026.
  • Reverse Split Ratio: The Board of Directors set the final ratio at 1-for-15.
  • Shareholder Authorization: Stockholders approved a proposal granting the board discretion to set a reverse split ratio within a range of 1-for-5 to 1-for-40.
  • Other Meeting Outcomes: Shareholders also elected Asher Genoot as a Class I director and ratified the appointment of KPMG LLP as the independent auditor for the year ending December 31, 2026.