TechFlow, December 16 — According to CoinDesk, healthcare and Bitcoin treasury company KindlyMD (NAKA) faces delisting from Nasdaq due to its stock price remaining below $1 for 30 consecutive trading days.
Per a filing submitted to the U.S. Securities and Exchange Commission on December 12, KindlyMD must raise its share price above $1 and maintain it for 10 consecutive trading days by June 8, 2026, to avoid delisting. The stock first fell below $1 in late October and closed at $0.38 on Monday.
Data from BitcoinTreasuries.net shows that KindlyMD holds 5,398 bitcoins (worth approximately $466 million), making it the 19th-largest corporate Bitcoin holder globally. The company was acquired by Nakomoto through a reverse merger in August. The stock has plunged 99% since reaching an all-time high in May when the deal was announced.
