Nakamoto Announces 1-for-40 Reverse Stock Split, Effective May 22 to Maintain Nasdaq Listing Eligibility

According to an official announcement by Nakamoto Inc., the company has announced 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 Meeting of Shareholders held on May 8, and the Board of Directors finalized the 1-for-40 ratio within the 1-for-20 to 1-for-50 range authorized by shareholders. Upon completion of the reverse 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. Shareholder voting rights will not be affected, and fractional shares will be settled in cash. This reverse 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.