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$HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Gryphon Digital Mining, Inc. (NASDAQ: GRYP)
Gryphon Digital MiningGryphon Digital Mining(US:GRYP) GlobeNewswire News Room·2025-07-02 21:48

Core Viewpoint - The article discusses the investigation by Monteverde & Associates PC into Gryphon Digital Mining, Inc. regarding its reverse merger with American Bitcoin Corp, which will result in American Bitcoin shareholders owning approximately 98% of Gryphon post-transaction, raising questions about the fairness of the deal [1]. Group 1: Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has recovered millions for shareholders [1]. - The firm is located in the Empire State Building, New York City, and specializes in class action securities litigation [2]. Group 2: Transaction Details - The reverse merger will lead to American Bitcoin shareholders holding about 98% of Gryphon, while existing Gryphon shareholders will only retain 2% of ownership after the merger [1]. - The article raises concerns about whether this distribution of ownership is fair to existing Gryphon shareholders [1].