Bonk, Inc. Completes Strategic Capital Structure Optimization to Support Institutional Growth and Digital Asset Strategy

Rhea-AI Summary

Bonk, Inc. (NASDAQ:BNKK) implemented a 1-for-35 reverse stock split effective December 11, 2025 to align its share structure with a new digital-asset, revenue-generating business model and to regain compliance with Nasdaq's $1.00 minimum bid price. The post-split CUSIP is 48208F303.

The company reduced outstanding shares from ~184,976,280 to ~5,285,037, completed a year-long transformation including elimination of legacy debt, acquisition of a majority revenue interest in Bonk.fun valued at ~$30 million, and built a treasury of BONK digital assets. Adjustments apply to preferred shares, equity awards, warrants, and incentive plans; fractional shares will be cashed out.

Positive

• Outstanding shares reduced from 184,976,280 to 5,285,037
• Effective date of reverse split: December 11, 2025 at 12:01 AM EST
• Acquired majority revenue interest in Bonk.fun valued at ~$30 million

Negative

• Proportionate adjustments to preferred shares, equity awards, warrants, and plan issuances
• No fractional shares issued; fractional holders will receive cash

Key Figures

Reverse split ratio 1-for-35 Reverse stock split of outstanding common stock

Effective date December 11, 2025, 12:01 AM EST Reverse stock split effective time

Nasdaq minimum bid $1.00 per share Minimum bid price requirement for Nasdaq Capital Market listing

Pre-split shares 184,976,280 shares Outstanding common stock before reverse split

Post-split shares 5,285,037 shares Outstanding common stock after reverse split

Share conversion 35-to-1 Every 35 pre-split shares become 1 post-split share

New CUSIP 48208F303 CUSIP for common stock post reverse split

Authorized shares change No change Authorized share count and par value remain the same

Market Reality Check

$0.1160 Last Close

Volume Volume 12,155,255 is below 20-day average 22,946,251 with relative volume at 0.53 ahead of the reverse split news. low

Technical Price at 0.225 is trading above the 200-day MA of 0.21 before the announced 1-for-35 reverse split.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 05	Ecosystem milestone	Positive	-2.0%	Highlight of regulated BONK ETP launch on SIX Swiss Exchange.
Dec 03	Acquisition	Positive	+16.5%	Acquisition of 51% revenue interest in Bonk.fun tied to $30M asset.
Dec 03	Acquisition update	Positive	+16.5%	Completion of expanded 51% revenue interest acquisition in Bonk.fun.
Dec 03	Acquisition expansion	Positive	+16.5%	Additional 41% revenue interest acquired, taking Bonk.fun stake to 51%.
Nov 20	Earnings report	Positive	+19.7%	Q3 results showing debt elimination, $9M cash, and >1,200% revenue growth.

Pattern Detected

Recent BNKK news has often coincided with double‑digit moves, with four of the last five events showing gains between 16.48% and 19.7%, and one modest decline of -2.03% on a positive ecosystem milestone.

Recent Company History

Over the last few weeks, Bonk, Inc. has reported a debt-free balance sheet with $9M in cash, over 1,200% revenue growth, and multiple steps toward a digital-asset-centric model. These included acquiring and then completing a 51% revenue interest in Bonk.fun, implying a $30M valuation, and highlighting a regulated BONK ETP listing on the SIX Swiss Exchange. Today’s reverse stock split news fits into this broader transformation and capital structure cleanup trajectory.

Market Pulse Summary

The stock dropped -34.7% in the session following this news. A negative reaction despite the broader transformation theme would fit a pattern where capital-structure changes, like reverse stock splits, sometimes weigh on sentiment even when fundamentals have improved. BNKK recently saw strong moves on operational news, including gains of 16.48% to 19.7%, so a sharp pullback after this step could reflect repositioning rather than a verdict on the business. Future trading could hinge on execution of the digital asset strategy and stability around the new share count.

Key Terms

reverse stock split financial

"implementing a 1-for-35 reverse stock split of its outstanding common stock."

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

cusip financial

"under the existing symbol "BNKK", with a new CUSIP number: 48208F303."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

Nasdaq Capital Market regulatory

"required to maintain continued listing on The Nasdaq Capital Market, among other strategic benefits."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

equity awards financial

"common stock underlying the Company's outstanding preferred stock, equity awards and warrants"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

warrants financial

"underlying the Company's outstanding preferred stock, equity awards and warrants and the number of shares issuable"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

par value financial

"There will be no change to the number of authorized shares or the par value per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

transfer agent financial

"The Company's transfer agent, ClearTrust, LLC, will serve as the exchange agent"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

fractional shares financial

"No fractional shares will be issued in connection with the reverse stock split."

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

AI-generated analysis. Not financial advice.

1-for-35 Reverse Stock Split Aligns Share Structure with New Revenue-Generating Business Model; Final Step in Corporate Transformation

SCOTTSDALE, AZ / ACCESS Newswire / December 9, 2025 / Bonk, Inc. (NASDAQ:BNKK) (the "Company") today announced that it is moving forward with a strategic realignment of its capital structure, implementing a 1-for-35 reverse stock split of its outstanding common stock. The move serves as the final foundational step in the Company's year-long transformation from a legacy beverage entity into a focused, revenue-generating digital asset holding company.

The reverse stock split will become effective on December 11, 2025, at 12:01 AM EST. The Company's common stock will begin trading on a post-split basis at the market open on that same day under the existing symbol "BNKK", with a new CUSIP number: 48208F303. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other strategic benefits.

Strategic Rationale: The Last Piece of the Puzzle Over the past nine months, Bonk, Inc. has successfully executed a comprehensive restructuring: eliminating legacy debt, acquiring a majority revenue interest in Bonk.fun (valued at ~$30 million), and building a significant treasury of BONK digital assets.

With the operational and financial turnaround complete, the Company is now rightsizing its share structure to reflect its new value proposition. This consolidation is designed to:

1. Align the Float: Reduce the number of outstanding shares to a level commensurate with the Company's new, streamlined market cap and asset base.

2. Attract Institutional Capital: Optimize the share price to meet the strict investment mandates of institutional funds and family offices-many of whom are restricted from investing in sub-dollar securities-complementing the recent launch of the BONK ETP in Europe.

3. Ensure Nasdaq Compliance & Stability: Secure long-term listing stability on The Nasdaq Capital Market and reduce the trading volatility often associated with lower-priced stocks, providing shareholders with a more stable investment vehicle.

Leadership Commentary "We have spent this entire year rebuilding the engine of this company, turning it into a debt-free, revenue-generating machine," said Jarrett Boon, CEO of Bonk, Inc. "Now, we are streamlining the chassis. This capital optimization is the final piece of the puzzle. By aligning our share count with our actual business metrics, we are positioning Bonk, Inc. not just for compliance, but for growth. We are now fully structured to welcome the institutional shareholders we have been targeting with our recent moves in the DeFi and ETP sectors."

Transaction Details The reverse stock split range was approved by the Company's stockholders at the Company's Special Meeting of Stockholders held on June 12, 2025, to be affected in the discretion of the Company's board of directors.

At the effective time, every thirty-five (35) shares of the Company's issued and outstanding common stock will be automatically combined into one (1) issued and outstanding share of common stock.

• New Share Count: The reverse stock split reduces the number of shares of the Company's outstanding common stock from approximately 184,976,280 shares to approximately 5,285,037 shares.

• Adjustments: As a result of the reverse stock split, proportionate adjustments will be made to the number of shares of the Company's common stock underlying the Company's outstanding preferred stock, equity awards and warrants and the number of shares issuable under the Company's equity incentive plans and other existing agreements, as well as the conversion or exercise price, as applicable.

• Authorized Shares: There will be no change to the number of authorized shares or the par value per share of the Company's common stock.

Information for Stockholders of Bonk, Inc. As a result of the reverse stock split, every thirty-five pre-split shares of common stock outstanding will become one share of common stock. The Company's transfer agent, ClearTrust, LLC, will serve as the exchange agent for the reverse stock split.

Registered stockholders holding pre-split shares of the Company's common stock electronically in book-entry form are not required to take any action to receive post-split shares. Those stockholders who hold their shares in brokerage accounts or in "street name" will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker's particular processes, and will not be required to take any action in connection with the reverse stock split.

Stockholders holding shares of the Company's common stock in certificate form will have their holdings of the Company's common stock automatically adjusted to reflect the reverse stock split.

No fractional shares will be issued in connection with the reverse stock split. Stockholders who otherwise would be entitled to receive fractional shares will receive cash for each fraction of a share they hold.

About Bonk, Inc. Bonk, Inc. (NASDAQ:BNKK) is a company evolving to bridge the gap between traditional public markets and the digital asset ecosystem. Through its subsidiary BONK Holdings LLC, the Company executes a strategy focused on acquiring revenue-generating assets within the DeFi space. The Company also operates a growing beverage division holding the patented Sure Shot and Yerbaé brands.

Investor Relations Contact: Phone: 888.257.8061 Email: investors@bonkdat.com

Forward-Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.

SOURCE: Bonk, Inc.

View the original press release on ACCESS Newswire

FAQ

When does Bonk, Inc. (BNKK) reverse stock split take effect?

The 1-for-35 reverse stock split is effective December 11, 2025 at 12:01 AM EST, with post-split trading the same day.

How many shares will Bonk, Inc. (BNKK) have after the reverse split?

Outstanding shares will be reduced to approximately 5,285,037 from ~184,976,280.

Why did Bonk, Inc. (BNKK) complete a 1-for-35 reverse split?

To align share count with its digital-asset revenue model, attract institutional capital, and regain Nasdaq compliance with a $1.00 minimum bid price.

What happens to my BNKK fractional shares after the reverse split?

No fractional shares will be issued; holders entitled to fractions will receive cash in lieu of fractional shares.

Will BNKK's equity awards and warrants change after the reverse split?

Yes; proportionate adjustments will be made to preferred shares, equity awards, warrants, and plan issuance terms.