Gryphon Digital Mining Announces Stockholder Approval of Merger Transaction with American Bitcoin
Gryphon Digital Mining (Nasdaq:GRYP) announced stockholder approval for its merger with American Bitcoin and implementation of a 5-for-1 reverse stock split. The reverse split, effective September 2, 2025, at 5:00 PM ET, will reduce outstanding shares from approximately 82.8 million to 16.6 million.
Following the transaction, the company will trade under the new ticker symbol "ABTC" and operate under the American Bitcoin brand. The reverse split aims to meet Nasdaq's minimum bid price requirements. Stockholders will receive rounded-up whole shares for fractional shares, and no cash will be paid for fractions. The split will also apply to outstanding equity awards and warrants, with proportional adjustments.
Continental Stock Transfer & Trust Company will manage the process for registered stockholders, while brokerage accounts will adjust automatically.Gryphon Digital Mining (Nasdaq: GRYP) ha ottenuto l'approvazione degli azionisti per la fusione con American Bitcoin e per l'attuazione di un reverse split 5-in-1. La riduzione delle azioni, con efficacia il 2 settembre 2025 alle 17:00 ET, porter脿 il numero di azioni in circolazione da circa 82,8 milioni a 16,6 milioni.
Al completamento dell'operazione la societ脿 operer脿 con il marchio American Bitcoin e verr脿 quotata con il nuovo ticker "ABTC". Il reverse split 猫 volto a soddisfare il requisito del prezzo minimo per la quotazione Nasdaq. Le frazioni di azioni saranno arrotondate per difetto a un'azione intera (con politica di arrotondamento in senso favorevole agli azionisti), senza pagamento in contanti per frazioni. L'operazione si applicher脿 anche a premi azionari e warrant in essere, con i relativi adeguamenti proporzionali.
Continental Stock Transfer & Trust Company gestir脿 il processo per gli azionisti registrati, mentre le posizioni in conti di intermediazione saranno aggiornate automaticamente.
Gryphon Digital Mining (Nasdaq: GRYP) anunci贸 que los accionistas aprobaron su fusi贸n con American Bitcoin y la ejecuci贸n de una consolidaci贸n de acciones 5 a 1. La operaci贸n, que entra en vigor el 2 de septiembre de 2025 a las 5:00 PM ET, reducir谩 las acciones en circulaci贸n de aproximadamente 82,8 millones a 16,6 millones.
Tras la transacci贸n, la compa帽铆a operar谩 bajo la marca American Bitcoin y cotizar谩 con el nuevo s铆mbolo "ABTC". La consolidaci贸n tiene por objeto cumplir con el requisito de precio m铆nimo de Nasdaq. Las fracciones de acciones se ajustar谩n a acciones enteras mediante redondeo, sin pago en efectivo por fracciones. Tambi茅n se aplicar谩n ajustes proporcionales a premios de acciones y warrants en vigor.
Continental Stock Transfer & Trust Company administrar谩 el proceso para los accionistas registrados, mientras que las cuentas de corretaje se actualizar谩n autom谩ticamente.
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霌彪 欤检＜鞐� 雽�頃� 鞝堨皑電� Continental Stock Transfer & Trust Company臧� 甏�毽晿氅�, 欷戧皽 瓿勳 氤挫湢鞛愳潣 瓴届毎 鞛愲彊鞙茧 臁办爼霅╇媹雼�.
Gryphon Digital Mining (Nasdaq: GRYP) a annonc茅 que les actionnaires ont approuv茅 sa fusion avec American Bitcoin et la mise en 艙uvre d'une division invers茅e 5 pour 1. La division prendra effet le 2 septembre 2025 脿 17h00 ET et r茅duira le nombre d'actions en circulation d'environ 82,8 millions 脿 16,6 millions.
Apr猫s la transaction, la soci茅t茅 op茅rera sous la marque American Bitcoin et sera cot茅e sous le nouveau symbole "ABTC". Cette op茅ration vise 脿 respecter l'exigence de prix minimum de Nasdaq. Les fractions d'actions seront arrondies 脿 des actions enti猫res et aucune somme en num茅raire ne sera vers茅e pour les fractions. Les attributions d'actions et les bons de souscription en cours feront l'objet d'ajustements proportionnels.
Continental Stock Transfer & Trust Company g茅rera le processus pour les actionnaires enregistr茅s, tandis que les comptes de courtage seront ajust茅s automatiquement.
Gryphon Digital Mining (Nasdaq: GRYP) gab bekannt, dass die Aktion盲re der Fusion mit American Bitcoin und einer 5-zu-1 Reverse-Aktienzusammenlegung zugestimmt haben. Die Zusammenlegung tritt am 2. September 2025 um 17:00 Uhr ET in Kraft und reduziert die ausstehenden Aktien von etwa 82,8 Millionen auf 16,6 Millionen.
Nach Abschluss der Transaktion wird das Unternehmen unter der Marke American Bitcoin auftreten und unter dem neuen Tickersymbol "ABTC" gehandelt. Die Reverse-Split-Ma脽nahme dient dazu, die Mindestrichtlinie f眉r den Kurs auf Nasdaq zu erf眉llen. Bruchst眉cke von Aktien werden auf ganze St眉cke aufgerundet; f眉r Bruchteile erfolgt keine Barauszahlung. Ausstehende Aktienverg眉tungen und Warrants werden anteilig angepasst.
Die Continental Stock Transfer & Trust Company wird den Prozess f眉r registrierte Aktion盲re verwalten; in Brokerage-Konten werden die Anpassungen automatisch vorgenommen.
- Stockholder approval secured for strategic merger with American Bitcoin
- Maintains Nasdaq listing compliance through reverse stock split
- No cash payment required for fractional shares - stockholders receive rounded-up shares
- Automatic position adjustment for brokerage account holders requiring no action from investors
- Significant share consolidation through 5-for-1 reverse split may impact trading liquidity
- Complex reorganization process with new CUSIP number and ticker symbol changes
- Potential short-term market adjustment period as traders adapt to new share structure
Insights
Gryphon's approved merger with American Bitcoin and 5:1 reverse split will maintain market cap while aligning with Nasdaq requirements.
Gryphon Digital Mining has secured stockholder approval for its merger with American Bitcoin, marking a pivotal transformation for the Bitcoin mining company. The transaction includes a 5-for-1 reverse stock split specifically designed to meet Nasdaq's minimum bid price requirements - a strategic move to ensure continued listing compliance following the merger.
The reverse split will mechanically reduce Gryphon's outstanding shares from approximately
Following the merger completion, Gryphon will undergo a complete rebranding to American Bitcoin, adopting the ticker symbol "ABTC". This signals a fresh corporate identity in the competitive Bitcoin mining landscape. For existing shareholders, the transition is administratively streamlined - uncertificated shareholders require no action while brokerages will automatically adjust positions.
What's particularly investor-friendly is the company's approach to fractional shares - rather than cash payments, shareholders will receive rounded-up shares, potentially providing slight additional value. The transaction appears meticulously structured to satisfy regulatory requirements while facilitating the merger's completion with minimal disruption to shareholder positions.
This merger represents significant consolidation within the Bitcoin mining sector, where scale and operational efficiency are increasingly critical factors for profitability. The Gryphon-American Bitcoin combination appears structured as a stock-for-stock transaction, suggesting a focus on combining complementary assets rather than immediate liquidity for either party's shareholders.
The reverse split mechanism is primarily a technical maneuver to satisfy Nasdaq listing requirements rather than an indication of underlying business performance. Bitcoin mining companies frequently face share price pressures during bear markets, making such adjustments necessary for continued exchange listing.
The rebranding to "American Bitcoin" likely signals a strategic positioning emphasizing US-based mining operations - potentially significant amid growing regulatory scrutiny of international mining operations and increasing emphasis on energy sources. While not explicitly stated, this transaction likely combines mining assets, hash rate capacity, and potentially energy contracts.
For the broader crypto mining ecosystem, this continues the trend of consolidation we've observed throughout market cycles, where larger, better-capitalized entities absorb smaller operations to achieve economies of scale. The merger's approval suggests shareholders see greater value potential in the combined entity than in Gryphon's standalone prospects.
LAS VEGAS, NEVADA / / August 29, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) (the "Company"), an innovative venture in the Bitcoin mining space, today announced that during its Special Meeting of Stockholders held on Wednesday, August 27, 2025, Gryphon stockholders approved the previously announced stock-for-stock merger transaction with American Bitcoin (the "Transaction").
In connection with the Transaction and following approval by its Board of Directors (the "Board"), Gryphon will implement a reverse stock split (the "Reverse Stock Split") of the Company's outstanding shares of common stock at a ratio of 5-for-1. The Reverse Stock Split is being effected to satisfy Nasdaq's listing requirements for minimum bid price in connection with the Transaction. The Reverse Stock Split will not impact the company's market capitalization or the proportionate ownership interests of its stockholders, other than adjustments resulting from the treatment of fractional shares.
The Reverse Stock Split is expected to become effective as of 5:00 p.m. Eastern Time on September 2, 2025 (the "Split Effective Time"). Upon closing of the Transaction, the Company's common stock is expected to begin trading on Nasdaq on a split-adjusted basis as Class A Common Stock, under the new CUSIP number 02462A104 and the ticker symbol "ABTC," under the American Bitcoin brand.
At the Split Effective Time, every five issued and outstanding shares of the Company's common stock will be combined automatically into one share of the Company's common stock. No fractional shares will be issued in connection with the Reverse Stock Split, and stockholders who otherwise would be entitled to receive a fraction of a share because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will automatically be entitled to receive an additional fraction of a share of the Company's common stock, to round up to the next whole share. Cash will not be paid for fractional shares.
The Reverse Stock Split will apply to shares of the Company's common stock issuable upon exercise or conversion of the Company's outstanding equity awards and warrants. Proportional adjustments will be made to the number of shares issuable upon the exercise of the Company's outstanding equity awards, in accordance with the terms of such awards and its equity compensation plans, and the number of shares issuable upon the exercise of the Company's outstanding warrants will be adjusted in accordance with the terms of such warrants.
The Reverse Stock Split will reduce the current number of outstanding shares of the Company's common stock from approximately 82.8 million to approximately 16.6 million, not including issuances in connection with the Transaction.
The Company's stockholders previously approved a reverse stock split at a special meeting of stockholders on May 24, 2025. The Reverse Stock Split and 5-for-1 ratio is within the range approved by the stockholders at such meeting. The Board approved the Reverse Stock Split at the 5-for-1 ratio on August 22, 2025. Additional information about the Reverse Stock Split can be found in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission ("SEC") on April 21, 2025.
Registered stockholders who hold shares of the Company's common stock in uncertificated form are not required to take any action to receive post-Reverse Stock Split shares, and holders of certificated shares will receive instructions from Continental Stock Transfer & Trust Company, the Company's transfer agent. Stockholders owning shares through an account at a brokerage firm, bank, dealer, custodian or other similar organization acting as nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker's particular processes, and will not be required to take any action in connection with the Reverse Stock Split.
About the Company
Gryphon Digital Mining, Inc. is an innovative venture in the Bitcoin mining space. More information is available on .
About American Bitcoin
American Bitcoin Corp. is a majority-owned subsidiary of Hut 8 Corp. focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company combines Hut 8's proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump's commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit .
Cautionary Note Regarding Forward-Looking Information
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, the timing and completion of the Reverse Stock Split; the post-Reverse Stock Split trading on Nasdaq; the treatment of fractional shares of common stock in connection with the Reverse Stock Split and the adjustments applicable to the Company's outstanding equity awards and warrants.
Forward-looking statements are not statements of historical fact, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by management as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to factors that may affect the future business, results, financial position and prospects of the Company. Additional factors that could cause results to differ materially from those described above can be found in the definitive proxy statement/prospectus with respect to the proposed transaction between the Company and American Bitcoin Corp. filed by the Company with the SEC on July 31, 2025, in the Company's most recent annual report on Form 10-K for the fiscal year ended December 31, 2024 and in other documents filed by the Company with the SEC.
Investor Contact
Name: James Carbonara
Company: Hayden IR
Phone: (646) 755-7412
Email: [email protected]
SOURCE: Gryphon Digital Mining, Inc.
View the original on ACCESS Newswire
FAQ
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