David Bailey's Nakamoto Contemplates Reverse Split Amid Delisting Deadline

Jack Inabinet

Fri, April 10, 2026 astatine 11:39 AM CDT 1 min read

Nakamoto (NASDAQ: NAKA) has filed a proxy connection with the Securities and Exchange Commission, imploring shareholders to o.k. an exigency reverse stock divided astatine a peculiar gathering of investors, scheduled for May 8.

• Reverse Split Request: Nakamoto has filed a Schedule 14A proxy statement, inviting shareholders to be a peculiar vitrual gathering held connected May 8, during which the institution volition inquire its investors to o.k. a reverse banal divided of astatine slightest 1:20, but not greater than 1:50.

• Intended Effect: According to Nakamoto's proxy statement, the information for the reverse divided is, "to conscionable the Nasdaq Global Market’s continued listing requirements, which requires, among different things, that our Common Stock person a per stock bid terms that is greater than oregon adjacent to $1.00 per share."

• Out of Compliance: Nakamoto shares person failed to commercialized supra $1.00 since October 30 (110 trading days), and the institution antecedently received a announcement from Nasdaq's Listing Qualifications unit connected December 10, informing Nakamoto it indispensable regain compliance by June 8.