secwatch.observer — SEC 8-K summary
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Issuer:     American Bitcoin Corp. (ABTC)
CIK:        0001755953
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001213900-24-076579
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gryphon Digital Mining receives Nasdaq bid price deficiency notice; 180-day cure to March 4, 2025
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- Nasdaq notified Gryphon on Sept. 5, 2024 that bid price closed below $1.00 for 30 straight business days, violating Listing Rule 5550(a)(2).
- Company has 180 calendar days, until March 4, 2025, to regain compliance by closing at or above $1.00 for 10 consecutive business days.
- If not compliant by deadline, Gryphon may qualify for a second 180-day period if it meets other listing standards and intends a reverse stock split.
- Common stock continues trading on Nasdaq Capital Market under GRYP; no immediate delisting effect; company will monitor and consider options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024076579/0001213900-24-076579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755953/000121390024076579/ea0213733-8k_gryphon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-076579

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