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

1. GRYP stockholders approved a merger with American Bitcoin. 2. A 5-for-1 reverse stock split will also be implemented.

M&A
+0.66%Current Return
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+0.13%S&P 500
$1.564608/29 10:50 AM EDTEvent Start
$1.57508/29 11:31 AM EDTLatest Updated
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FAQ

Why Bullish?

Mergers often consolidate resources for growth; similar moves in the sector have led to price increases in the past.

How important is it?

The merger and reverse split indicates strategic positioning, likely increasing investor interest in GRYP.

Why Short Term?

Shareholder actions and structural changes typically yield immediate price movements in the short run.

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AMBTBTCRIOTMARA
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"). 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.

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