Nakamoto Implements 1:40 Reverse Stock Split to Meet Nasdaq Listing Requirements on May 22

GateNews
BTC0.65%
NAKA-2.56%
According to ChainCatcher, Nakamoto, a Nasdaq-listed Bitcoin treasury company, announced a 1:40 reverse stock split effective May 22, 2026 at 12:01 a.m. ET to meet Nasdaq's minimum bid price requirements. The move, approved by shareholders, will reduce outstanding shares from approximately 696.1 million to approximately 17.4 million, while par value and authorized share capital remain unchanged. Trading under ticker NAKA will resume on the same day at market open with the adjusted stock price.
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