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Bitcoin Treasury Company Nakamoto implements a 1:40 reverse stock split to meet Nasdaq listing requirements.
The plan has been approved by the shareholders' meeting. After the reverse stock split, the number of outstanding shares will be reduced 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. After the adjustment, the stock will continue trading at the post-split price after the market opens on the same day, and the trading symbol will remain NAKA.
(Source: ChainCatcher)