American Bitcoin Corp has approved a 1-for-15 reverse stock split, meaning every 15 shares currently held will be consolidated into a single share. The board set the ratio after shareholders gave the green light at the company’s 2026 annual meeting on June 22.
What happened at the meeting
ABTC’s annual stockholder meeting drew strong participation, with approximately 93.56% of voting shares represented.
Beyond the reverse split, two other items of business were settled. Asher Genoot was elected as a Class I director. And KPMG LLP was ratified as the company’s auditor for the fiscal year ending December 31, 2026.
The charter amendment authorizing the reverse split consolidates the outstanding share count without decreasing the total number of authorized shares. The company can still issue new shares up to its previous ceiling, even though there are now far fewer shares circulating in the market.
