Bitcoin Treasury KindlyMD Faces Nasdaq Delisting With Stock Down 99%

first published 2025-12-16T10:09:29Z

KindlyMD (ticker NAKA) received a Nasdaq compliance notice after its share price closed below the $1 minimum listing standard for 30 consecutive trading days. The company has until June 8 to regain a share price above $1 for 10 consecutive trading days to avoid delisting. KindlyMD was taken over in a reverse takeover by Nakomoto in August but kept the KindlyMD name and ticker. The firm holds 5,398 BTC (about $466 million), ranking it 19th among corporate bitcoin holders. Shares surged to a record in May on the deal announcement but have since fallen about 99%, closing at $0.38 (0.817x reported net asset value). Potential remedies if the deadline is missed include a Nasdaq extension, a reverse stock split, or applying to transfer to the Nasdaq Capital Market.

AI Analysis

Compliance notice after 30 consecutive days below Nasdaq's $1 minimum and a fixed June 8 cure deadline are concrete, time-bound triggers that raise delisting risk for NAKA; the stock has fallen ~99% to $0.38, and the company holds 5,398 BTC (~$466M) — facts that justify bearish sentiment and a high short-term trading impact for NAKA shares.

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