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.

Quotes that support claims

The merger structure will see American Bitcoin shareholders owning approximately 98% of the combined company, with Gryphon shareholders holding the remaining 2%.

The stock-for-stock transaction will result in Gryphon acquiring American Bitcoin, with the combined company adopting the American Bitcoin name and trading on Nasdaq under the ticker ‘ABTC’.