Wu Blockchain reports that Bitcoin treasury company Nakamoto has announced it will implement a 1:40 reverse stock split on May 22, 2026, Eastern Time, to meet Nasdaq's minimum $1 share price requirement for continued listing. After the split, the company's outstanding shares will decrease from approximately 696.1 million to about 17.4 million, while the stock ticker will remain “NAKA.” Shareholders had previously approved the board's proposal on May 8 to execute a reverse split within the range of 1:20 to 1:50, with the board later deciding on the 1:40 ratio. NAKA's stock price has dropped approximately 99.5% from its peak in May last year. https://(wublock123.com)/news/nakamoto-1-40-reverse-split-nasdaq-listing-stock-down-99pct-61416