Gryphon Digital Mining Inc. Announces Stock-for-Stock Merger with American Bitcoin Corp to Close in Early September 2025
Reuters
Sep 02
<a href="https://laohu8.com/S/GRYP">Gryphon Digital Mining</a> Inc. Announces Stock-for-Stock Merger with American Bitcoin Corp to Close in Early September 2025
Gryphon Digital Mining Inc. has announced an update regarding its merger with American Bitcoin Corp. (ABTC). As per the latest details, the ABTC Merger is expected to close in early September 2025, pending certain approvals and closing conditions. Following the completion of the merger, Gryphon will reclassify its common stock as Class A common stock and introduce two new classes, Class B common stock and Class C common stock. The company will be renamed "American Bitcoin Corp" and will trade on the Nasdaq Capital Market under the ticker symbol "ABTC." This merger will result in ABTC capital stockholders receiving newly issued stock, representing approximately 98% of Gryphon's fully diluted outstanding stock immediately post-merger.
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