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

Nakamoto, a Bitcoin treasury company listed on NASDAQ, announced that it will implement a 1-for-40 reverse stock split to meet the ongoing listing requirements for NASDAQ's minimum bid price. The plan has been approved by the shareholders' meeting, and after the split, the number of outstanding shares will decrease from approximately 696.1 million shares to about 17.4 million shares, while the par value and total authorized capital will remain unchanged. The stock split will take effect on May 22, 2026, at 12:01 AM Eastern Time, and the adjusted shares will continue to trade at the post-split price after the market opens on the same day, with the trading code remaining NAKA.