🚀 Bitcoin Treasury Nakamoto Seeks Shareholder Approval for Reverse Stock Split Amid Nasdaq Delisting Threat
#BitcoinTreasury #Nakamoto #ReverseStockSplit #NasdaqDelisting #ShareholderApproval #StockSplit #DavidBailey #NS3AI #CoinShares #SatishPatel #CapitalMarkets #OperationalLosses #BTC
Bitcoin treasury Nakamoto is set to request shareholder approval for a reverse stock split after its shares dropped to $0.21, falling below Nasdaq's $1 minimum requirement. According to NS3.AI, the company received a delisting notice in December. CEO David Bailey mentioned that Nasdaq might offer an additional 180-day extension if the initial vote does not pass. Satish Patel from CoinShares commented that while this move could provide temporary relief, it does not address issues such as dilution, operational losses, or reliance on capital markets.#BitcoinTreasury #Nakamoto #ReverseStockSplit #NasdaqDelisting #ShareholderApproval #StockSplit #DavidBailey #NS3AI #CoinShares #SatishPatel #CapitalMarkets #OperationalLosses #BTC