Bitcoin Treasury Company Nakamoto Implements 1:40 Reverse Stock Split to Meet Nasdaq Listing Requirements

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