Gryphon Digital Mining Announces Stockholder Approval of Merger Transaction with American Bitcoin

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[{"type":"text","content":"LAS VEGAS, NEVADA / ACCESS Newswire / August 29, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) (the "Company"), an innovative venture in the Bitcoin mining space, today announced that during its Special Meeting of Stockholders held on Wednesday, August 27, 2025, Gryphon stockholders approved the previously announced stock-for-stock merger transaction with American Bitcoin (the "Transaction").","length":419,"tagName":"p"},{"type":"text","content":"In connection with the Transaction and following approval by its Board of Directors (the "Board"), Gryphon will implement a reverse stock split (the "Reverse Stock Split") of the Company's outstanding shares of common stock at a ratio of 5-for-1. The Reverse Stock Split is being effected to satisfy Nasdaq's listing requirements for minimum bid price in connection with the Transaction. The Reverse Stock Split will not impact the company's market capitalization or the proportionate ownership interests of its stockholders, other than adjustments resulting from the treatment of fractional shares.","length":631,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split is expected to become effective as of 5:00 p.m. Eastern Time on September 2, 2025 (the "Split Effective Time"). Upon closing of the Transaction, the Company's common stock is expected to begin trading on Nasdaq on a split-adjusted basis as Class A Common Stock, under the new CUSIP number 02462A104 and the ticker symbol "ABTC," under the American Bitcoin brand.","length":410,"tagName":"p"},{"type":"text","content":"At the Split Effective Time, every five issued and outstanding shares of the Company's common stock will be combined automatically into one share of the Company's common stock. No fractional shares will be issued in connection with the Reverse Stock Split, and stockholders who otherwise would be entitled to receive a fraction of a share because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will automatically be entitled to receive an additional fraction of a share of the Company's common stock, to round up to the next whole share. Cash will not be paid for fractional shares.","length":630,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split will apply to shares of the Comp...

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