Bitcoin treasury company Nakamoto implements 1:40 reverse stock split to meet Nasdaq listing requirements

Odaily reported that Nasdaq-listed bitcoin treasury company Nakamoto has announced a 1:40 reverse stock split to meet the continued listing requirement for maintaining the minimum bid price on Nasdaq. The plan has been approved by shareholders at the general meeting. After the stock split is completed, the number of outstanding shares will be reduced from approximately 696.1 million to approximately 17.4 million, with the par value and total authorized share capital remaining unchanged. The split will take effect at 12:01 AM ET on May 22, 2026, and the adjusted shares will continue trading at the post-split price when the market opens the same day, under the same ticker symbol NAKA. (Businesswire)