KindlyMD’s Bitcoin Treasury Dangles Over Delisting Cliff! 🚨

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Markets

What to know:

  • The Nasdaq exchange told KindlyMD (NAKA) that it faces being delisted after its share price dropped below $1 for 30 consecutive business days. 🐍
  • The health-care company that is building a bitcoin treasury has until June 8 to regain compliance, which requires the stock to close at or above $1 for at least 10 consecutive business days. 🎩
  • The shares first fell below $1 in late October, and closed Monday at $0.38. 🧨

Kindly MD (NAKA), a health-care and bitcoin treasury company (who knew?), faces being delisted from the Nasdaq exchange after its share price failed to meet minimum listing requirements. 🤯

The stock has closed below $1 for 30 consecutive trading days, and the company has until June 8 to lift it above that level for 10 straight days to avoid the delisting, it said in an SEC filing on Dec. 12. 📉

The company was bought in a reverse takeover by Nakomoto in August, which kept the KindlyMD name and changed the stock ticker. It owns 5,398 BTC ($466 million) and is the 19th largest corporate holder of bitcoin, according to the BitcoinTreasuries.net. 🧾

The shares, which surged to a record in May when the deal was announced, have since slumped 99% and closed Monday at 38 cents, a 0.817 multiple of the net asset value (mNAV). 🚀

If the shares don’t meet the listing requirement by June, there are still avenues open. Nasdaq may grant an extension, the company could potentially address the issue through a reverse stock split or it may apply to transfer to the Nasdaq Capital Market. 🤷‍♂️

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2025-12-16 13:24