Nakamoto Announces 1-for-40 Reverse Stock Split Amid Share Price Decline
Publicly traded Bitcoin treasury firm Nakamoto (NAKA) announced a 1-for-40 reverse stock split to comply with Nasdaq listing rules after its share price fell below $1. The company reported significant losses in Q1 due to the decline in Bitcoin's value, and shares have dropped over 99% from their 52-week high.
Tickers: $NAKA
Topics: Bitcoin price decline Nasdaq compliance stock split treasury firm