
KindlyMD has approved a share repurchase plan amid Nasdaq delisting risk, aiming to stabilize its stock price and restore compliance with listing requirements.
KindlyMD (NASDAQ: NAKA), a medical firm holding substantial Bitcoin reserves, has secured board approval for a share buyback program allowing repurchases via market and negotiated transactions under SEC rules. The move follows a Nasdaq warning after the stock traded below $1 for 30 consecutive days, closing at $0.38. The company must lift its share price above $1 for ten straight trading sessions by June 8 to avoid delisting. KindlyMD holds 5,398 BTC valued at about $466 million, ranking as the 19th-largest corporate Bitcoin holder.