Gryphon Digital Surges Nearly 60% In After Hours Trading As Eric Trump-Backed American Bitcoin Merger Advances
Gryphon Digital Mining Inc. (NASDAQ:GRYP) shares soared 59.79% in after-hours trading to $1.44 following news that the company filed an amended registration statement with the Securities and Exchange Commission for its pending merger with Bitcoin (CRYPTO: BTC) mining firm American Bitcoin Corp.
What Happened: The stock closed regular trading at $0.90, up 2.26% for the day, before experiencing a dramatic surge after the merger update was announced. Year-to-date, GRYP shares have gained 125.30%.
The amended Form S-4 registration statement updates the initial filing from June and includes a preliminary proxy statement and prospectus for the proposed stock-for-stock transaction.
While the registration statement has not yet become effective, it provides critical information about both …
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