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

Odaily Planet Daily reports that Nakamoto, a Nasdaq-listed Bitcoin treasury company, announced it will implement a 1:40 reverse stock split to meet the Nasdaq's continued listing requirement for a minimum bid price. The plan has been approved by shareholders at the general meeting. After the split, the number of outstanding shares will be reduced from approximately 696.1 million shares to about 17.4 million shares. The par value and total authorized share capital remain unchanged. The reverse stock split will take effect on May 22, 2026, at 12:01 AM Eastern Time. Following the adjustment, the stock will continue trading on the same day after the market opens at the post-split price, and the trading symbol will remain NAKA. (Businesswire)