ABTS SCHEDULE 13D: Board change

Filed with the SEC on · accession 0001493152-26-042035

ABTS filed a SCHEDULE 13D (schedule 13d) with the SEC on Sep 9, 2026. A report the company filed with the SEC (the US market regulator). The stock moved -6.9% by the first close after the filing.

Summary of the filing

ARC Group International Ltd. agreed to acquire approximately 47% of Abits Group's voting power from CEO Conglin (Forrest) Deng and affiliated entities, including 461,354 ordinary shares and 333,333 preferred shares, in a change-of-control transaction.

Key details

Ordinary shares held by Deng and Alwin being sold$461K
Ordinary shares held by BBI being sold$11K
Preferred shares held by BBI being sold$333K
PurchaserARC Group International Ltd.
Target companyAbits Group Inc.
Seller entityBridgeforrest (BVI) Inc.
Seller entityAlwin Creative Inc.
Chief executive officer and sellerConglin (Forrest) Deng

How ABTS stock reacted

Close before

$1.44

Sep 8, 2026

First close after

-6.94%

$1.34

5 trading days

-0.69%

$1.43

Since filing

-73.73%

$0.38

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Frequently asked questions

What did ABTS file with the SEC on Sep 9, 2026?

ABTS filed a SCHEDULE 13D (Board change). ARC Group International Ltd. agreed to acquire approximately 47% of Abits Group's voting power from CEO Conglin (Forrest) Deng and affiliated entities, including 461,354 ordinary shares and 333,333 preferred shares, in a change-of-control transaction.

What does a board change mean for ABTS stock?

Not always. A planned retirement with a successor is usually calm; a sudden departure “effective immediately”, especially of a CFO or near results, often worries investors.

How do I read a SCHEDULE 13D?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D (schedule 13d): A report the company filed with the SEC (the US market regulator).

How did ABTS stock react to this filing?

ABTS closed at $1.44 before the filing and $1.34 on Sep 9, 2026 (-6.94%). Five trading days later: $1.43 (-0.69%).

Other ABTS SEC filings

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