KindlyMD (NAKA) faces Nasdaq delisting risk after shares trade below $1 for 30 straight days
CoinDesk
KindlyMD risks Nasdaq delisting because its stock traded below $1 for 30 days, requiring a price recovery by June 8.Summary
KindlyMD (NAKA), a health-care and bitcoin treasury company holding 5,398 BTC, is facing delisting from the Nasdaq exchange. This follows its stock closing below the minimum $1 requirement for 30 consecutive trading days. The company has until June 8 to raise its share price above $1 for 10 consecutive days to remain listed. The stock has plummeted 99% since its August reverse takeover by Nakomoto, currently trading at 38 cents, which is only 0.817 times its net asset value. If the requirement is not met, KindlyMD may seek an extension from Nasdaq, attempt a reverse stock split, or apply to transfer to the Nasdaq Capital Market.
(Source：CoinDesk)