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Nakamoto Ltd Enacts 1-for-40 Split to Secure Nasdaq Listing, Tilts Toward Bitcoin Treasury

Nakamoto Ltd is executing a 1-for-40 reverse inventory cut up Friday, a compliance-driven consolidation that collapses 696.1 million excellent shares down to roughly 17.4 million and targets the one threshold that determines alternate survival: Nasdaq’s $1.00 minimal bid requirement.

The firm’s shares had fallen to $0.22 as of April 6, 2026, triggering a Nasdaq deficiency discover beneath Listing Rule 5450(a)(1) with an preliminary compliance deadline of June 8, 2026.

This will not be purely a defensive maneuver. Paired with the reverse inventory cut up is a deliberate pivot towards a Bitcoin Treasury mannequin, positioning Nakamoto alongside the rising class of crypto equities designed to provide institutional traders regulated, exchange-listed publicity to BTC value efficiency with out holding spot Bitcoin instantly.

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How the 1-for-40 Nakamoto Split Restores Nasdaq Compliance, and What It Costs Existing Shareholders

A 1-for-40 reverse inventory cut up means each 40 shares of present widespread inventory are consolidated right into a single new share.

At a pre-split value of $0.22, the theoretical post-split opening value lands close to $8.80, nicely above Nasdaq’s $1.00 ground and throughout the vary wanted to fulfill the alternate’s minimal bid requirement beneath Listing Rule 5450(a)(1).

Shareholders authorised the motion at a Special Meeting on May 8, 2026, granting the board discretion to set the ultimate ratio wherever inside a 1-for-20 to 1-for-50 vary.

Photo: David Bailey

The board elected 1-for-40. Authorized shares and par worth stay unchanged by the consolidation, which is structurally vital: Nakamoto retains substantial headroom for future fairness issuances, ATM choices, convertible notes, or share-based acquisitions – with out requiring an extra shareholder vote to broaden approved capital.

One value falls on smaller holders. Shareholders whose positions don’t divide evenly into 40-share heaps will obtain money in lieu of fractional shares, not further inventory.

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