Gryphon Digital Mining (Nasdaq:GRYP) reports shareholders have given the green light for its planned merger with American Bitcoin. A key element of the deal, a 5-for-1 reverse stock split, has also been approved. This stock adjustment, scheduled for September 2, 2025, at 5:00 PM ET, will consolidate the number of shares outstanding, reducing them from approximately 82.8 million to 16.6 million.
Post-merger, the combined entity will rebrand as American Bitcoin and trade under the new ticker symbol “ABTC”. The reverse split is specifically designed to ensure the company meets Nasdaq’s minimum share price requirements. Shareholders will receive whole shares in lieu of any fractional shares resulting from the split. These will be rounded up, with no cash compensation for fractional interests. The reverse split will proportionally impact all outstanding equity awards and warrants.
Continental Stock Transfer & Trust Company will oversee the adjustment process for registered shareholders. Those holding shares in brokerage accounts will see their positions automatically updated.
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, porterà il numero di azioni in circolazione da circa 82,8 milioni a 16,6 milioni.
Al completamento dell’operazione la società opererà con il marchio American Bitcoin e verrà quotata con il nuovo ticker “ABTC”. Il reverse split è 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 applicherà anche a premi azionari e warrant in essere, con i relativi adeguamenti proporzionali.
Continental Stock Transfer & Trust Company gestirà il processo per gli azionisti registrati, mentre le posizioni in conti di intermediazione saranno aggiornate automaticamente.
Gryphon Digital Mining (Nasdaq: GRYP) anunció que los accionistas aprobaron su fusión con American Bitcoin y la ejecución de una consolidación de acciones 5 a 1. La operación, que entra en vigor el 2 de septiembre de 2025 a las 5:00 PM ET, reducirá las acciones en circulación de aproximadamente 82,8 millones a 16,6 millones.
Tras la transacción, la compañía operará bajo la marca American Bitcoin y cotizará con el nuevo símbolo “ABTC”. La consolidación tiene por objeto cumplir con el requisito de precio mínimo de Nasdaq. Las fracciones de acciones se ajustarán a acciones enteras mediante redondeo, sin pago en efectivo por fracciones. También se aplicarán ajustes proporcionales a premios de acciones y warrants en vigor.
Continental Stock Transfer & Trust Company administrará el proceso para los accionistas registrados, mientras que las cuentas de corretaje se actualizarán automáticamente.
Gryphon Digital Mining (나스닥: GRYP)는 주주들이 American Bitcoin과의 합병 및 5대1 액면병합(리버스 스플릿)을 승인했다고 발표했습니다. 해당 리버스 스플릿은 2025년 9월 2일 미국 동부시간 오후 5시에 효력이 발생하며, 발행 주식 수는 약 8,280만 주에서 1,660만 주로 줄어듭니다.
거래 완료 후 회사는 American Bitcoin 브랜드로 운영되며 새 티커 “ABTC”로 거래됩니다. 이번 병합은 나스닥의 최저 희망가격 요건 충족을 목표로 합니다. 소수주(분수 주)는 전체 주식으로 반올림 처리되며, 분수 지분에 대해 현금 지급은 없습니다. 기존의 주식 보상 및 워런트에도 비례 조정이 적용됩니다.
등록 주주에 대한 절차는 Continental Stock Transfer & Trust Company가 관리하며, 중개 계좌 보유자의 경우 자동으로 조정됩니다.
Gryphon Digital Mining (Nasdaq: GRYP) a annoncé que les actionnaires ont approuvé sa fusion avec American Bitcoin et la mise en œuvre d’une division inversée 5 pour 1. La division prendra effet le 2 septembre 2025 à 17h00 ET et réduira le nombre d’actions en circulation d’environ 82,8 millions à 16,6 millions.
Après la transaction, la société opérera sous la marque American Bitcoin et sera cotée sous le nouveau symbole “ABTC”. Cette opération vise à respecter l’exigence de prix minimum de Nasdaq. Les fractions d’actions seront arrondies à des actions entières et aucune somme en numéraire ne sera versée 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 gérera le processus pour les actionnaires enregistrés, tandis que les comptes de courtage seront ajustés automatiquement.
Gryphon Digital Mining (Nasdaq: GRYP) gab bekannt, dass die Aktionäre 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-Maßnahme dient dazu, die Mindestrichtlinie für den Kurs auf Nasdaq zu erfüllen. Bruchstücke von Aktien werden auf ganze Stücke aufgerundet; für Bruchteile erfolgt keine Barauszahlung. Ausstehende Aktienvergütungen und Warrants werden anteilig angepasst.
Die Continental Stock Transfer & Trust Company wird den Prozess für registrierte Aktionäre verwalten; in Brokerage-Konten werden die Anpassungen automatisch vorgenommen.
Positive
- Shareholders OK merger with American Bitcoin, a significant step forward
- Reverse stock split ensures continued Nasdaq listing, avoiding delisting
- Shareholders benefit from rounded-up shares; no cash-out of fractional shares
- Automatic adjustments in brokerage accounts simplify process for most investors
Negative
- 5-for-1 reverse split reduces share count, potentially impacting ease of trading
- New ticker and corporate ID create a period of transition
- Market could take time to adjust to the new share structure, potentially creating volatility
Insights
Gryphon’s merger and reverse stock split maintain market capitalization while meeting Nasdaq requirements.
Shareholder approval of the merger between Gryphon Digital Mining and American Bitcoin marks a key turning point for the Bitcoin mining enterprise. The 5-for-1 reverse stock split is a targeted strategy to comply with Nasdaq’s minimum bid price rule and sustain its listing status after the merger.
The reverse split will mathematically decrease Gryphon’s total shares from roughly
Upon completion of the merger, Gryphon will rebrand as American Bitcoin, adopting the “ABTC” ticker symbol. This signals a revised corporate image in the fiercely competitive Bitcoin mining sector. The transition is streamlined for existing shareholders administratively: those holding uncertificated shares need not take action, while brokerage firms will automatically adjust positions.
Importantly, shareholders are offered rounded-up shares for fractional holdings, potentially adding minor value rather than receiving cash payments. The merger appears meticulously designed to meet regulatory demands while enabling the merger’s completion and causing minimal disruption to shareholder equity.
This merger signifies consolidation within the Bitcoin mining landscape, where scale and operational effectiveness are increasingly vital for profitability. The merger appears structured as a stock-for-stock transaction, suggesting a focus on merging assets rather than immediate cash gains for shareholders.
The reverse split mechanism aims primarily to fulfill Nasdaq listing requirements rather than reflect underlying business performance. Bitcoin mining firms often experience share price challenges during market downturns, which necessitates adjustments to maintain exchange listing.
The rebranding as “American Bitcoin” probably emphasizes a strategic focus on US-based mining operations which is significant in light of regulatory scrutiny of global mining operations and increased focus on energy sources. While not explicitly mentioned, the transaction likely combines mining assets, processing power and potentially energy contracts.
For the cryptocurrency mining ecosystem, this continues the trend of consolidations observed across market cycles, with larger entities absorbing smaller operations to achieve economies of scale. The merger’s approval suggests shareholders see more value potential in the merged entity than with Gryphon operating independently.
LAS VEGAS, NEVADA / ACCESS Newswire / August 29, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP), a leader in Bitcoin mining, has announced successful shareholder approval for its planned merger with American Bitcoin. This announcement follows a Special Meeting of Stockholders held on Wednesday, August 27, 2025, confirming support for the stock-for-stock merger transaction.
In line with the merger plans and following Board of Directors approval, Gryphon will implement a 5-for-1 reverse stock split. This action is specifically intended to meet Nasdaq’s minimum bid price requirements in connection with the merger. The reverse split is structured to maintain the company’s market capitalization and proportionate ownership for stockholders, aside from minor adjustments relating to fractional shares.
The reverse stock split is scheduled to take effect at 5:00 p.m. Eastern Time on September 2, 2025. Upon closing the merger, the Company’s common stock is expected to commence trading on Nasdaq on a split-adjusted basis as Class A Common Stock. The new CUSIP number will be 02462A104, and the ticker symbol will change to “ABTC” under the American Bitcoin brand.
At the effective time of the split, every five shares of Gryphon’s common stock will automatically consolidate into one share. Fractional shares will not be issued. Instead, stockholders who would otherwise receive a fraction of a share due to holding a number of shares not evenly divisible by five, will automatically receive an additional fraction to round up to the nearest whole share. No cash will be distributed for fractional shares.
The reverse stock split will also apply to shares issuable upon exercising or converting the Company’s outstanding equity awards and warrants. The number of shares available upon exercise of outstanding equity awards will be proportionally adjusted in accordance with the terms of the awards and equity compensation plans. Similarly, the number of shares issuable upon exercising outstanding warrants will be adjusted according to the warrant terms.
As a result of the reverse stock split, the current number of outstanding shares of Gryphon’s common stock will decrease from approximately 82.8 million to around 16.6 million. This excludes any shares issued in connection with the merger itself.
Gryphon’s stockholders previously approved a reverse stock split at a special meeting held on May 24, 2025. The current reverse stock split at the 5-for-1 ratio falls within the previously approved range. The Board approved the reverse stock split at the 5-for-1 ratio on August 22, 2025. Comprehensive details about the reverse stock split are available in the definitive proxy statement filed with the SEC on April 21, 2025.
Registered stockholders who hold their shares in uncertificated form do not need to take any action to receive post-reverse stock split shares. Holders of certificated shares will receive instructions directly from Continental Stock Transfer & Trust Company, Gryphon’s transfer agent. Stockholders who hold shares through brokerage accounts, banks, or custodians will see their positions automatically adjusted to reflect the reverse stock split, subject to their broker’s procedures, and no action will be required on their part.
About the Company
Gryphon Digital Mining, Inc. is focused on Bitcoin mining innovation. Additional information is available at www.gryphondigitalmining.com.
About American Bitcoin
American Bitcoin Corp., primarily owned by Hut 8 Corp., is focused on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company combines Hut 8’s operational mining experience, cost-effective infrastructure development, and disciplined approach to capital with Eric Trump’s commercial acumen, capital markets knowledge, and advocacy for decentralized financial systems. See www.abtc.com for more information.
Cautionary Note Regarding Forward-Looking Information
This release contains “forward-looking statements” as defined in securities laws, involving risks and uncertainties. These include statements about the timing and completion of the reverse stock split, post-split trading on Nasdaq, the treatment of fractional shares, and adjustments to equity awards and warrants.
Forward-looking statements represent management’s views and projections based on assumptions when the statement was made. While believed reasonable, these statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Factors influencing future performance include conditions affecting Gryphon’s business, financial position, and prospects. Further details about factors that could cause differences can be found in the definitive proxy statement/prospectus regarding the merger between Gryphon and American Bitcoin Corp., filed with the SEC on July 31, 2025, Gryphon’s most recent Form 10-K annual report for the year ending December 31, 2024, and other SEC filings.
Investor Contact
Name: James Carbonara
Company: Hayden IR
Phone: (646) 755-7412
Email: james@haydenir.com
SOURCE: Gryphon Digital Mining, Inc.
Access the original press release on ACCESS Newswire
FAQ
What is the planned reverse stock split for Gryphon Digital Mining?
Gryphon Digital Mining will enact a 5-for-1 reverse stock split, starting September 2, 2025, at 5:00 PM Eastern Time.
How many shares will Gryphon have outstanding following the reverse split?
The action will reduce the quantity of shares, from approximately 82.8 million to 16.6 million, not inclusive of any issuances tied to the merger.
What will the new ticker symbol for Gryphon Digital Mining be after the merger?
Once the merger concludes, the company will trade on Nasdaq under the ABTC symbol, operating under the American Bitcoin identity.
How will any fractional shares be addressed related to Gryphon’s reverse split?
Shareholders eligible for fractions will see their holdings rounded up to the nearest whole share, and will not receive cash for fractional amounts.
Is there anything GRYP shareholders must do regarding this reverse stock split?
Shareholders do not have to take any action. Brokerage accounts will see automatic adjustments, and registered owners will receive information through Continental Stock Transfer & Trust Company.