Trump-backed American Bitcoin sets 1-for-15 reverse split to keep Nasdaq listing
The Eric Trump and Donald Trump Jr.-founded miner, down over 64% year-to-date to a record low near $0.64, will consolidate 1.09 billion shares to about 73 million after Thursday's close to satisfy Nasdaq's $1 minimum bid rule. ABTC holds 7,500 BTC.
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