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Nakamoto plans to reverse split shares to maintain NASDAQ listing
ME News Report, April 10 (UTC+8), Nakamoto (NAKA) plans to conduct a reverse stock split, with a ratio possibly between 1-for-20 and 1-for-50, to boost the stock price to meet the Nasdaq minimum of $1 per share. The company’s stock is currently around $0.22, down approximately 99% from its all-time high in 2025. Additionally, Nakamoto has registered over 400 million shares for existing investor resale and set a future securities issuance limit of about $7 billion. Recently, the company sold 5% of its Bitcoin holdings and now holds 5,058 Bitcoins. (Source: MLion)