Nakamoto Inc. implements 1-for-40 reverse stock split on May 22
Nakamoto Inc. is set to implement a 1-for-40 reverse stock split on May 22 to comply with Nasdaq's minimum bid price requirement. The company's shares were trading at $0.22, significantly below the $1 threshold mandated by Nasdaq. This consolidation will reduce the number of outstanding shares while increasing the per-share price, but it will not affect the company's overall market capitalization or operations.
- ▪Nakamoto Inc. will consolidate 40 shares into one effective May 22.
- ▪The reverse stock split is a response to the company's shares trading at $0.22, below Nasdaq's $1 minimum bid price.
- ▪Shareholders approved the split during a virtual meeting on May 8.
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Nakamoto Inc. implements 1-for-40 reverse stock split on May 22 The Bitcoin mining company consolidates shares to avoid getting booted from Nasdaq after trading at just $0.22. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Nakamoto Inc. is squeezing 40 shares into one, effective May 22 at 12:01 a.m. ET.
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