Bitcoin treasury Kindly MD faces potential delisting after Nasdaq price notice

Kindly MD, a Bitcoin treasury company that recently merged with Nakamoto Holdings, has received a warning notice from Nasdaq because its stock (ticker NAKA) traded below the $1 minimum bid price for 30 consecutive business days. This triggers a six-month compliance window, ending June 8, 2026, during which the company must raise its share price above $1 for ten consecutive days or risk delisting. The company's stock, which peaked around $25 following the merger announcement, has since dropped over 98% to $0.39. This decline is attributed to its financing strategy, which involved selling discounted shares through a $563 million PIPE financing to fund Bitcoin purchases, leading to significant sell pressure when those shares became eligible for resale. Kindly MD, which holds 5,398 Bitcoin, plans to integrate Bitcoin Magazine and the Bitcoin Conference under Nakamoto Holdings to strengthen cash flow.

(Source：Cointelegraph)