Nakamoto Plunges 10% Even After 1-for-40 Reverse Stock Split... Will Nasdaq Warning Aftermath Continue?

Shares of Bitcoin financial company Nakamoto (NAKA) fell over 10% on Wednesday, just days after a 1-for-40 reverse stock split aimed at meeting Nasdaq listing requirements. The stock is down approximately 67% year-to-date and over 99% from its May high of $34. Nasdaq had previously warned Nakamoto of potential delisting due to its share price trading below $1 for 30 consecutive trading days.

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