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 Nasdaq's minimum bid price continued listing requirements. The plan has been approved by the shareholders' meeting. After the stock split, the number of outstanding shares will be reduced from approximately 696.1 million shares to approximately 17.4 million shares, while the par value and total authorized share capital remain unchanged. The stock split will take effect at 12:01 AM Eastern Time on May 22, 2026, and the adjusted shares will continue trading at the post-split price from the market open on the same day, with the trading ticker remaining NAKA. (Businesswire)