David Bailey’s Nakamoto Approves 40-to-1 Stock Split to Push NAKA Above $1

Nakamoto Cuts NAKA Shares 40-to-1 to Salvage Nasdaq Listing Before June Deadline

The bitcoin treasury and operating institution said each 40 pre-split shares volition consolidate into 1 post-split share. Trading connected a split-adjusted ground begins the greeting of May 22 nether the aforesaid ticker, NAKA, with a caller CUSIP: 49457M205.

The determination targets a circumstantial regulatory threshold. Nasdaq Rule 5450(a)(1) requires listed companies to support a minimum $1.00 bid price. Nakamoto had been trading betwixt $0.17 and $0.24 successful caller months, astir 99% beneath its May 2025 peak, and had until astir June 8, 2026, to adjacent astatine oregon supra $1 for 10 consecutive trading days.

The company’s shareholders approved the divided successful a peculiar gathering connected May 8, 2026. The committee had sought authorization for a ratio successful the scope of 1-for-20 to 1-for-50 successful a preliminary proxy filed successful aboriginal April. Chairman and CEO David Bailey‘s committee settled connected the 1-for-40 ratio.

Total shares outstanding volition autumn from astir 696.1 cardinal to astir 17.4 million. Authorized shares stay unchanged astatine 10 billion, a fig that leaves unfastened the anticipation of aboriginal stock issuance and dilution.

No fractional shares volition beryllium issued. Shareholders who would different person a fraction volition alternatively person currency successful lieu. VStock Transfer, LLC, the company’s transportation agent, volition grip each book-entry adjustments automatically.

Warrants, equity awards, and workout prices set proportionately nether the presumption of the split. The wide marketplace capitalization and institution fundamentals stay unchanged by the action.

Nakamoto was formed done a merger and rotation operation successful 2025 with the stated extremity of gathering a bitcoin treasury strategy. The institution owns BTC Inc., steadfast of Bitcoin Magazine and organizer of the Bitcoin Conference, arsenic good arsenic UTXO Management, a bitcoin-focused plus absorption firm.

Reverse banal splits are a communal compliance maneuver among microcap companies trading beneath Nasdaq’s minimum bid threshold. They rise the nominal terms per stock without changing full marketplace value, underlying operations, oregon voting rights connected a proportional basis.

Image source: Tradingview connected May 20, 2026.

Nakamoto has faced scrutiny beyond its banal price. Critics person pointed to the company’s all-stock acquisitions of entities connected to Bailey, its merchantability of astir 5% of its bitcoin holdings successful March 2026, and the ample excavation of authorized but unissued shares arsenic imaginable concerns for existing shareholders.

A Form 8-K with further details is expected astir the May 22 effectual date. Whether the divided produces sustained Nasdaq compliance volition beryllium connected marketplace demand, trading volume, and capitalist assurance successful the months ahead.

Post-split liquidity and terms stableness stay unfastened questions. The divided addresses the bid terms request mechanically. It does not code the underlying concern show that drove shares beneath $1 successful the archetypal place.