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Nakamoto Announces 1-for-40 Reverse Stock Split to Maintain Nasdaq Compliance on May 22

GateNews

2026-05-21 01:57:23

According to BlockBeats, on May 21, Bitcoin treasury company Nakamoto announced a 1-for-40 reverse stock split effective May 22 to restore its stock price above $1 and maintain Nasdaq listing compliance. The reverse split will reduce outstanding shares from approximately 696.1 million to approximately 17.4 million shares.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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