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KindlyMD Faces NASDAQ Delisting Risk as Stock Price Remains Below $1 for 30 Consecutive Trading Days
Summary: According to reports, KindlyMD (NAKA), a Bitcoin crypto treasury company listed on the US stock market, is at risk of being delisted from NASDAQ as its stock price has remained below $1 for 30 consecutive trading days. KindlyMD must raise its stock price above $1 and maintain it for 10 consecutive trading days by June ...
According to reports, KindlyMD (NAKA), a Bitcoin crypto treasury company listed on the US stock market, is at risk of being delisted from NASDAQ as its stock price has remained below $1 for 30 consecutive trading days. KindlyMD must raise its stock 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 this year, closing at $0.38 on Monday.
KindlyMD holds 5,398 Bitcoins (worth approximately $466 million), making it the 19th largest corporate Bitcoin holder globally. It was acquired by Nakomoto through a reverse merger in August. Since reaching a historical high in May, the stock has plummeted by 99%.
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Link: KindlyMD Faces NASDAQ Delisting Risk as Stock Price Remains Below $1 for 30 Consecutive Trading Days [Copy]
