The Trump family-related mining company American Bitcoin will implement a 1-for-15 reverse stock split on July 2

According to PR Newswire, American Bitcoin (NASDAQ: ABTC) announced today that as a "Bitcoin accumulation platform" focused on building Bitcoin infrastructure in the United States, the company plans to implement a 1-for-15 reverse stock split for its common stock, which will officially take effect on July 2, 2026, at 5:00 PM.

The company expects that the Class A common stock, after the reverse stock split adjustment, will resume trading on the NASDAQ Capital Market on July 6, 2026, with the trading symbol remaining ABTC.

At the effective time, every 15 shares of the issued and outstanding Class A common stock will automatically combine into 1 share of Class A common stock; every 15 shares of Class B common stock will also combine into 1 share of Class B common stock, and adjustments will be made according to the fractional shares rules. Currently, the company has no Class C common stock outstanding.