TSX futures tick up after index logs fresh record high close
Gryphon Digital Mining, Inc. (NASDAQ:GRYP), currently valued at $127.52 million, filed an update on Tuesday regarding its pending merger with American Bitcoin Corp. (ABTC), according to a statement released through a Securities and Exchange Commission (SEC) filing. The company’s stock has shown remarkable momentum, with a 284% return year-to-date. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 14 additional key insights available to subscribers.
The filing states that, as previously disclosed, Gryphon, GDM Merger Sub I Inc., GDM Merger Sub II LLC, and American Bitcoin Corp. entered into a merger agreement on May 9, 2025. The update provides additional information about ABTC, including its management’s discussion and analysis of financial condition and results of operations for the three and six months ended June 30, 2025, as well as unaudited financial statements for the same periods. The filing also includes unaudited pro forma condensed combined financial information for the year ended December 31, 2024, and as of and for the six months ended June 30, 2025.
The SEC filing reiterates that the registration statement related to the merger was declared effective by the SEC on July 31, 2025, and that Gryphon mailed the definitive proxy statement and prospectus to its stockholders on or about August 1, 2025. The merger is structured as a stock-for-stock transaction, and the combined company is expected to be listed on the Nasdaq Stock Market LLC.
Gryphon’s filing includes cautionary language regarding forward-looking statements, noting that the completion of the merger is subject to various conditions and uncertainties, including regulatory approvals and the satisfaction of closing conditions. The company advises investors and stockholders to review the registration statement and proxy statement/prospectus for detailed information about the transaction.
This article is based on a press release statement from Gryphon Digital Mining’s SEC filing.
In other recent news, Gryphon Digital Mining, Inc. has announced the commencement of stockholder voting for its proposed merger with American Bitcoin Corp. This stock-for-stock transaction is anticipated to close in early September, pending stockholder approval and other closing conditions. The merger will result in the combined company operating under the American Bitcoin brand and trading on Nasdaq. Additionally, American Bitcoin Corp. and Gryphon Digital Mining have filed an amended registration statement on Form S-4 with the SEC. This amendment, which follows an initial submission in June, includes a preliminary proxy statement and prospectus related to the merger. Upon completion, the merged entity is expected to trade under the ticker symbol "ABTC." These recent developments mark significant steps forward in the merger process.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.