Nakamoto Reverse Stock Split as it Faces Nasdaq Delisting

Cointelegraph Staff

(04:30 AM UTC)

1 min read

Bitcoin treasury company Nakamoto is moving ahead with a shareholder-approved 1-for-40 reverse stock split on Friday in an effort to avoid delisting from the Nasdaq Stock Exchange.

The company received a notice from the Nasdaq on Dec. 10, warning that its stock price had fallen below the $1 minimum for 30 consecutive business days, according to an SEC filing. Nakamoto has until June 8 to address…

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