Trump Family crypto mining company ABTC will implement a 1-for-15 reverse stock split to maintain listing status

TechFlow News, July 1. According to PRNewswire, the Trump family crypto mining company American Bitcoin announced it will implement a 1-for-15 reverse stock split on July 2, 2026, Eastern Time. After the split, its common stock will resume trading on the Nasdaq Capital Market at the adjusted price on July 6, 2026. The trading symbol will remain ABTC, but the CUSIP number will be updated.

American Bitcoin stated that the main purpose of this reverse stock split is to meet the minimum share price requirement of Nasdaq, thereby maintaining listing eligibility. The plan has been approved by the shareholders' meeting and the board of directors.