Nakamoto Executes Reverse Split to Uphold Nasdaq Listing
The Nasdaq-listed Bitcoin-focused company Nakamoto has received shareholder approval to proceed with a 1-for-40 reverse stock split. This strategic move is designed to comply with the Nasdaq's minimum bid price requirement, a key criterion for maintaining its listing status on the exchange.
Key Details of the Reverse Split Plan
The reverse split is scheduled to take effect at 12:01 a.m. Eastern Time on May 22, 2026. Following the consolidation, the number of outstanding common shares will be drastically reduced from approximately 696.1 million to about 17.4 million.
Important points for investors include:
- Capital Structure: The par value per share and the total amount of authorized share capital will remain unchanged despite the consolidation.
- Trading Details: The adjusted shares will begin trading at the post-split price when the market opens on the effective date. The company's ticker symbol, "NAKA," will continue to be used.
Reverse stock splits are a standard corporate action for publicly traded companies facing prolonged share prices below exchange thresholds. By increasing the per-share price, Nakamoto seeks to secure its position on a major exchange, providing a more stable foundation for future growth and capital-raising initiatives.