Nakamoto Inc. executed a 1-for-40 reverse stock split effective May 22, 2026, vaulting its share price from roughly $0.16 to around $6 in a bid to stay listed on the Nasdaq.
The move was necessary because Nasdaq requires listed companies to maintain a minimum bid price of $1 per share. Nakamoto’s stock had been trading well below that threshold for months, putting its listing in jeopardy with a compliance deadline approaching in June 2026.
From $34 to $0.16: the backstory
The company’s shares hit highs of approximately $29 to $34 during 2025. By the time the reverse split was announced, they had cratered to a range of $0.16 to $0.22. That’s a decline of over 99%.
The reverse split consolidated roughly 696.1 million outstanding shares into about 17.4 million. The authorized share count remains unchanged, and trading continues under the ticker NAKA with a new CUSIP of 49457M205.
