The merger structure will see American Bitcoin shareholders owning approximately 98% of the combined company, with Gryphon shareholders holding the remaining 2%.
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Trump-affiliated mining firm American Bitcoin to go public via merger with Gryphon Digital
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The merger between Gryphon Digital Mining and American Bitcoin Corp. is structured so that American Bitcoin's existing shareholders will own approximately 98% of the newly public company, with Gryphon shareholders retaining about 2%.
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The stock-for-stock merger between Gryphon Digital Mining and American Bitcoin Corp. will result in Gryphon transferring its full equity in exchange for shares of American Bitcoin, effectively making Gryphon the acquisition vehicle.
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