Nakamoto announces 1-for-40 reverse stock split effective May 22, 2026

PUBT · 2d ago
Nakamoto announces 1-for-40 reverse stock split effective May 22, 2026
- Nakamoto will implement a 1-for-40 reverse stock split effective 12:01 a.m. ET on May 22, 2026.
- Shares are expected to trade on a split-adjusted basis on Nasdaq under the symbol NAKA at the open on May 22, 2026.
- The move is aimed at lifting the share price to regain compliance with Nasdaq’s $1 minimum bid requirement.
- Outstanding common shares will drop to about 17 million from about 696 million; authorized shares will remain unchanged.
- The post-split common stock will carry CUSIP 49457M205.
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