other material
confidence high
sentiment neutral
materiality 0.80
Nakamoto Inc. announces 1-for-40 reverse stock split and appoints Tyler Evans to board
Nakamoto Inc.
- 1-for-40 reverse stock split effective 12:01 a.m. ET on May 22, 2026; outstanding shares reduced from approx. 696.1M to 17.4M.
- Board expanded from six to seven directors; Tyler Evans, Chief Investment Officer, appointed as Class II director effective May 22, 2026.
- Reverse split intended to regain compliance with Nasdaq's $1.00 minimum bid price for continued listing.
- No fractional shares issued; cash in lieu; proportionate adjustments to warrants and equity awards.
- Common stock (NAKA) begins trading on post-split basis with new CUSIP 49457M205; warrants (NAKAW) unchanged.