ABTC, a mining company affiliated with the Trump family, announced that it will implement a 1:15 reverse stock split on July 2nd BlockBeats News: On July 1st, American Bitcoin (NASDAQ: ABTC) announced today that as a "Bitcoin Accumulation Platform" focused on building the Bitcoin infrastructure in the United States, the company plans to implement a 1:15 reverse stock split for its common stock. The adjustment will officially take effect at 17:00 on July 2, 2026. The company expects that the Class A common stock, adjusted for reverse stock split, will resume trading on the NASDAQ capital market on July 6, 2026, with the trading code still ABTC. At the effective date, every 15 issued and outstanding Class A ordinary shares will be automatically merged into 1 Class A ordinary share; Every 15 shares of Class B common stock will also be merged into 1 share of Class B common stock and adjusted according to the fractional share rule. At present, the company has no outstanding Class C common stock. [Original link]