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Nakamoto Reverse Stock Split as it Faces Nasdaq Delisting
Bitcoin treasury company Nakamoto will enact a 1-for-40 reverse stock split Friday in hopes of boosting its share price and avoiding delisting from the Nasdaq Stock Exchange, which requires stocks to stay above $1.
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cryptobriefing.com
Nakamoto Inc. implements 1-for-40 reverse stock split on May 22
Nakamoto Inc. executes a 1-for-40 reverse stock split on May 22 to meet Nasdaq's $1 minimum bid price after shares dropped to $0.22.
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theblock.co
David Bailey's Nakamoto bitcoin treasury announces 1-for-40 reverse split as shares hit new lows
Nakamoto’s reverse split will shrink outstanding shares to about 17.4 million from roughly 696 million, following a 99.5% price drop.
