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Bitcoin Treasury Co. Nakamoto implements a 1:40 reverse stock split to meet Nasdaq listing requirements.

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ME News report, May 20 (UTC+8), Nasdaq-listed Bitcoin treasury company Nakamoto announced that it will implement a 1:40 reverse stock split to meet Nasdaq's minimum bid price continued listing requirement. The plan has been approved by the shareholders' meeting. After the reverse split, the number of outstanding shares will decrease from approximately 696.1 million to approximately 17.4 million, while the par value and total authorized share capital remain unchanged. The reverse stock split will take effect at 12:01 AM Eastern Time on May 22, 2026, and the adjusted shares will continue trading after the market opens on the same day at the post-split price, with the trading symbol remaining NAKA. (Source: ChainCatcher)
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