David Bailey’s KindlyMD receives delisting warning from Nasdaq, but stock rallies
Crypto Briefing
KindlyMD received a Nasdaq delisting warning for its stock price being below $1 but saw its shares rally on the news.Summary
KindlyMD, a healthcare services provider that also holds Bitcoin in its treasury, received a delisting warning from Nasdaq because its stock price remained below $1 for 30 consecutive trading days. The company was notified on December 10 and has until June 8, 2026, to regain compliance by achieving a closing bid price of at least $1 per share. Failure to meet this requirement could lead to a transfer to the Nasdaq Capital Market or necessitate remedial actions like a reverse stock split. Despite the warning, KindlyMD's shares climbed about 6% following the news, although the stock has declined approximately 68% year to date and last traded above $1 in early October.
(Source：Crypto Briefing)