TechFlow News, May 21: According to an official announcement by Nakamoto Inc., the company announced that it will implement a 1-for-40 reverse stock split effective at 12:01 a.m. Eastern Time on May 22, 2026. Following the split, shares will continue trading on the Nasdaq under the ticker symbol “NAKA” at the adjusted price, with a new CUSIP number of 49457M205. The reverse split was approved at the Special Shareholders’ Meeting held on May 8, and the Board of Directors finalized the 1-for-40 ratio within the shareholder-authorized range of 1-for-20 to 1-for-50.
Upon completion of the split, the company’s outstanding shares will decrease from approximately 696.1 million to approximately 17.4 million. The total number of authorized shares and the par value per share will remain unchanged, and shareholders’ voting rights will not be affected. Fractional shares resulting from the split will be settled in cash. This reverse stock split is intended to increase the per-share trading price to regain compliance with Nasdaq Listing Rule 5450(a)(1), which requires a minimum bid price of $1.00 per share.
