Nakamoto announces 1-for-40 reverse stock split effective May 22, 2026

• Nakamoto will implement a 1-for-40 reverse stock split effective 12:01 a.m. ET on May 22, 2026.
• Shares are expected to trade on a split-adjusted basis at the May 22 open on Nasdaq under NAKA.
• The move targets compliance with Nasdaq’s $1 minimum bid-price rule for continued listing.
• Outstanding shares are set to drop to about 17 million from about 696 million.
• No fractional shares will be issued; cash will be paid in lieu of fractional entitlements.

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