Company: ABTS
Filing Date: 2025-03-05
Form Type: 6-K
Source: 0001493152-25-009245
Chunk: 1

Company: Abits Group Inc
Filing Date: 2025-03-05
Form: 6-K
Chunk 1
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 to the minimum bid price (which the Company was previously advised it was in non-compliance with).

Effects of the Share Consolidation

Effective Date; Symbol; CUSIP Number. The Share Consolidation will become effective on March 10, 2025 and will be reflected with NASDAQ Capital Market and in the marketplace at the open of business on March 10, 2025 (the “Effective Date”), whereupon the ordinary shares begin trading on a split-adjusted basis. In connection with the Share Consolidation, the Company’s ordinary shares continue to trade on NASDAQ Capital Market under the symbol “ABTS” but trade under a new CUSIP Number, G6S34K113.

Split Adjustment; No Fractional Shares. On the Effective Date, the total number of the Company’s ordinary shares held by each shareholder will be converted automatically into the number of whole ordinary shares equal to (i) the number of issued and outstanding ordinary shares held by such shareholder immediately prior to the Share Consolidation, divided by (ii) fifteen (15). The total number of the Company’s preferred shares held by the holders of preferred shares will be converted automatically in the same ratio.

No fractional shares will be issued to any shareholders in connection with the Share Consolidation.

The Company may purchase, redeem or otherwise acquire at market value any fractional shares without the consent of the relevant shareholder(s) and shall pay the repurchase price no later than 30 days after the Effective Date.

Non-Certificated Shares; Certificated Shares. Shareholders who are holding their shares in electronic form at brokerage firms do not have to take any action as the effect of the Share Consolidation will automatically be reflected in their brokerage accounts.

Shareholders holding paper certificates may (but are not required to) send the certificates to the Company’s transfer agent at the address given below. The transfer agent will issue a new share certificate reflecting the terms of the Share Consolidation to each requesting shareholder.

Transhare Corporation

17755 North US Highway 19

Suite 140

Clearwater, Florida 33764

Tel: (303) 662-1112

Fax: (727) 269-5616

Please contact Transhare Corporation for further information, related costs and procedures before sending any certificates. Shareholders holding paper certificates or holding their shares in the book entry form are encouraged to contact Transhare Corporation to update their contact details, including email addresses, mailing addresses and/or telephone numbers.

British Virgin Islands Filing. The Company will not be required to