Could Trump-Backed American Bitcoin Be the Next Nasdaq Giant? Gryphon Merger Vote on August 27 Could Change Everything!
American Bitcoin Corporation (ABC), a Bitcoin mining firm backed by the Trump family and Hut 8, is one step closer to going public. Nasdaq-listed Gryphon Digital Mining has scheduled a shareholder vote on its proposed stock merger with ABC for August 27, SEC records show.
The SEC’s approval of the Form S-4 registration statement has provided essential regulatory clearance for the transaction. The latest developments were first reported by TheMinerMag.
The merger, initially revealed in May, will see the new entity operate under the American Bitcoin brand and trade on the Nasdaq under the ticker ‘ABTC’. Through the move, American Bitcoin targets enhanced capacity for low-cost Bitcoin accumulation and infrastructure growth in the US.
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