Nakamoto executes 1-for-40 reverse split to regain Nasdaq compliance, appoints CIO to board

Filed May 22, 2026 · Period ending May 21, 2026 · ~2 min read

Key Changes

• high

  Company implemented 1-for-40 reverse stock split effective May 22, 2026, reducing outstanding shares from ~696M to ~17M to regain compliance with Nasdaq's $1.00 minimum bid price requirement after falling below the threshold.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Board expanded from six to seven directors and appointed Chief Investment Officer Tyler Evans as Class II director effective May 22, 2026. Evans is not independent under Nasdaq/SEC rules and receives no additional compensation for board service.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Stockholders approved reverse split range of 1-for-20 to 1-for-50 at May 8, 2026 special meeting; board selected 1-for-40 ratio within that range. Fractional shares will be paid in cash.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →