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#TradingTales According to PANews, American Bitcoin Corp (ABC), a Bitcoin mining company supported by the Trump family, is on the verge of finalizing a merger with Gryphon Digital Mining. This merger will result in the combined entity being listed on Nasdaq. On July 31, Gryphon submitted a proxy statement to the U.S. Securities and Exchange Commission (SEC), setting August 27 as the date for shareholders to vote on the proposed merger. The SEC has also announced the effectiveness of the S-4 registration statement, a crucial regulatory approval that facilitates the transaction. The merger was initially announced in May of this year, with ABC set to merge with Gryphon, a Nasdaq-listed Bitcoin mining firm under the ticker "GRYP." In preparation for this transaction, ABC raised $220 million through private equity last month.
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#CreatorPad According to PANews, American Bitcoin Corp (ABC), a Bitcoin mining company supported by the Trump family, is on the verge of finalizing a merger with Gryphon Digital Mining. This merger will result in the combined entity being listed on Nasdaq. On July 31, Gryphon submitted a proxy statement to the U.S. Securities and Exchange Commission (SEC), setting August 27 as the date for shareholders to vote on the proposed merger. The SEC has also announced the effectiveness of the S-4 registration statement, a crucial regulatory approval that facilitates the transaction. The merger was initially announced in May of this year, with ABC set to merge with Gryphon, a Nasdaq-listed Bitcoin mining firm under the ticker "GRYP." In preparation for this transaction, ABC raised $220 million through private equity last month.
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