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David Bailey’s Nakamoto Approves 40-to-1 Stock Split to Push NAKA Above $1
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Nakamoto Inc. (Nasdaq: NAKA) announced a 1-for-40 reverse stock split on May 20, 2026, set to take effect at 12:01 a.m.
Key facts
- Nakamoto had been trading between $0.17 and $0.24 in recent months, roughly 99% below its May 2025 peak, and had until approximately June 8, 2026, to close at or above $1 for 10 consecutive trading
- Nakamoto Inc. (Nasdaq: NAKA) announced a 1-for-40 reverse stock split on May 20, 2026, set to take effect at 12:01 a.m
- The board had sought authorization for a ratio in the range of 1-for-20 to 1-for-50 in a preliminary proxy filed in early April
- The company’s shareholders approved the split in a special meeting on May 8, 2026
Summary
Nakamoto Inc. executes a 1-for-40 reverse split on May 22, 2026, to meet Nasdaq’s $1 minimum bid requirement. NAKA shares outstanding drop from 696.1 million to 17.4 million, while 10 billion authorized shares remain, raising dilution risk. CEO David Bailey’s bitcoin treasury firm holds 5,058 BTC but faces scrutiny over prior BTC sales and stock-based acquisitions. The bitcoin treasury and operating company said every 40 pre-split shares will consolidate into one post-split share.