Kindly MD Faces Nasdaq Delisting Risk Due to Low Share Price
- Kindly MD (NAKA) has closed below $1 for the past 30 trading days.
- The company must raise its share price above $1 for at least ten consecutive days by June 8 to avoid delisting.
- Kindly MD owns approximately 5,398 BTC, valued at around $466 million, making it the 19th largest corporate holder of Bitcoin.
- Shares peaked in May but have since declined by about 99%, closing recently at 38 cents.
- Possible solutions include a reverse stock split or applying to transfer to the Nasdaq Capital Market.
If Kindly MD does not meet the listing requirements by June, it may face delisting from Nasdaq, which could impact its operations and investor confidence significantly.
Currently priced at just 38 cents, Kindly MD’s shares reflect a dramatic decline from their peak following a merger that established its Bitcoin treasury strategy.
