Corporate ActionMay 12, 2026, 04:22 PM
Nakamoto Inc. Stockholders Approve Reverse Stock Split Proposal
AI Summary
Nakamoto Inc. held a Special Meeting of stockholders on May 8, 2026, where two proposals were submitted and approved. Stockholders voted to approve an amendment to the Company's Certificate of Incorporation for a reverse stock split, with a ratio between 1-for-20 and 1-for-50, to be determined by the Board. Additionally, a proposal to adjourn the meeting if needed for further proxy solicitation was also approved.
Key Highlights
- Stockholders approved a reverse stock split proposal by a vote of 488,518,814 for, 12,825,785 against, and 918,706 abstained.
- The reverse stock split ratio will be between 1-for-20 and 1-for-50, determined by the Board.
- Stockholders approved the proposal to adjourn the Special Meeting if necessary, with 488,585,900 for, 11,120,883 against, and 2,556,524 abstained.
- A total of 502,263,305 shares were represented at the Special Meeting, out of 690,018,254 eligible shares.
- No broker non-votes were recorded for either proposal.