on Gryphon Digital Mining, Inc.
Gryphon Digital Mining Receives Stockholder Approval for Merger with American Bitcoin
Gryphon Digital Mining, Inc. has announced stockholder approval for its merger with American Bitcoin. During a special meeting on August 27, 2025, the company's reverse stock split was also approved. This 5-for-1 split will help meet Nasdaq's listing requirements.
The split, set for September 2, 2025, aligns Gryphon's stock with American Bitcoin, trading under "ABTC." The merger does not impact market capitalization but reduces outstanding shares from 82.8 million to 16.6 million.
Stockholders will receive adjusted shares, with no cash for fractional shares. The transaction positions Gryphon under the American Bitcoin brand, focusing on industrial-scale Bitcoin mining.
R. P.
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