NAKA · Nakamoto Inc.

The approval of Proposal 1 authorizes Nakamoto Inc.’s board to implement a reverse stock split within a defined 1-for-20 to 1-for-50 range, a structural action typically undertaken to meet exchange listing price requirements, reduce share count for strategic flexibility, or improve market perception. With 97.3% of votes cast in favor and participation from 72.8% of eligible shares, the outcome reflects strong stockholder alignment on this governance initiative. The simultaneous approval of adjournment authority (Proposal 2) signals preparedness to address potential procedural hurdles—though zero broker non-votes indicate no reliance on discretionary broker voting, reinforcing broad consensus. The absence of dissenting broker votes and low abstention rates (0.2% for Proposal 1) further underscore confidence in the board’s discretion over the final ratio. As the amendment requires only board-level implementation post-approval—with no further stockholder vote needed—the company may execute the split promptly following regulatory and exchange notifications. Investors should monitor future disclosures for the selected ratio, effective date, and impact on share-based compensation, authorized capital, and per-share financial metrics.