- American Bitcoin Corp. and Gryphon Digital Mining (GRYP, Financial) are progressing toward a stock-for-stock merger, with an amended Form S-4 filed with the SEC.
- The combined entity is set to trade on Nasdaq under the ticker symbol "ABTC" post-merger, anticipated to close by Q3 2025.
- The merger includes a preliminary proxy statement and prospectus, pending SEC approval.
American Bitcoin Corp. and Gryphon Digital Mining (GRYP) have announced the filing of an amended registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) as part of their previously announced stock-for-stock merger. This marks a significant step towards the completion of their planned business combination. The merger will see Gryphon acquiring American Bitcoin, resulting in the combined entity operating under the American Bitcoin brand.
Upon closing, the new company is expected to trade on Nasdaq under the ticker symbol "ABTC." The transaction aims for completion as early as the third quarter of 2025, subject to necessary regulatory approvals and closing conditions. The amended registration statement includes a preliminary proxy statement and prospectus, although it has not yet become effective and is still subject to change.
The newly formed company will be led by the management and board of directors from American Bitcoin. This merger is in line with the company's strategic focus on industrial-scale Bitcoin mining and strategic Bitcoin reserve development, enhancing its infrastructure and market presence.
