Nakamoto is seeking shareholder approval for a reverse stock split to prevent delisting from Nasdaq. The proposed split, ranging from 1-for-20 to 1-for-50, aims to elevate the company's share price above Nasdaq's $1 minimum requirement. Nakamoto's shares have been trading below this threshold since October 30, with current prices around $0.21 to $0.22, marking a 99% decline from their peak. The company has until June 8, 2026, to comply with Nasdaq's rule of maintaining a share price above $1 for 10 consecutive trading days. The reverse split is intended to mechanically increase the share price without altering the business's underlying value. While this move could help Nakamoto maintain its Nasdaq listing, it underscores the severe market challenges the company faces, as investors often view such actions as indicators of financial distress.