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Trump-backed American Bitcoin announces 1-for-15 reverse stock split for Nasdaq listing · Cyprus Report

Business · World

Trump-backed American Bitcoin announces 1-for-15 reverse stock split for Nasdaq listing

1 sourceFirst reported 20 days agoUpdated 20 days ago

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American Bitcoin has announced a 1-for-15 reverse stock split in an effort to maintain its Nasdaq listing.
The reverse split will reduce the company's outstanding shares from approximately 1.09 billion to about 73 million.
This financial maneuver is backed by former President Donald Trump.
The decision aims to address regulatory requirements for continued trading on the Nasdaq.
American Bitcoin's stock split is part of its strategy to stabilize share value and attract investors.

Generated by AI from the 1 sources below · always verify with the originals

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Trump-backed American Bitcoin sets 1-for-15 reverse stock split in bid to maintain Nasdaq listingThe Block · 20 days ago

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AI summary: catch up in 20 seconds

American Bitcoin has announced a 1-for-15 reverse stock split in an effort to maintain its Nasdaq listing.
The reverse split will reduce the company's outstanding shares from approximately 1.09 billion to about 73 million.
This financial maneuver is backed by former President Donald Trump.
The decision aims to address regulatory requirements for continued trading on the Nasdaq.
American Bitcoin's stock split is part of its strategy to stabilize share value and attract investors.

Generated by AI from the 1 sources below · always verify with the originals