American Bitcoin Trust Approves Reverse Stock Split to Meet Nasdaq $1 Bid Requirement
ABTC•American Bitcoin Trust’s board on July 3 approved a reverse stock split to satisfy Nasdaq’s $1.00 minimum bid-price requirement and stave off potential delisting. The consolidation will reduce outstanding shares proportionally to elevate the per-share price and preserve the company’s primary market listing.
1. Board Approval of Reverse Split
On July 3, 2026, American Bitcoin Trust’s board unanimously approved a reverse stock split to comply with Nasdaq’s minimum $1.00 bid-price rule and avoid delisting proceedings.
2. Nasdaq Listing Compliance
The split is designed to boost the Trust’s per-share price above the exchange’s threshold, maintaining its status on Nasdaq’s primary market.
3. Share Consolidation Mechanics
Under the approved plan, outstanding shares will be consolidated at a fixed ratio determined by the board, reducing total share count while proportionally increasing individual share value.
