Bullish indicating open at $55-$60, IPO prices at $37
SALT LAKE CITY - KindlyMD, Inc., a provider of integrated healthcare services, announced today the change of its ticker symbol from KDLY to NAKA on the Nasdaq Stock Exchange, marking a strategic shift towards Bitcoin-focused growth. The company’s tradable warrants will also trade under the new ticker NAKAW. The announcement comes as the company’s stock has shown remarkable momentum, with a 725% return over the past year and a striking 1,911% gain year-to-date, according to InvestingPro data. This change follows the approval of a merger with Nakamoto Holdings Inc., a Bitcoin-native holding company.
The ticker change is in line with KindlyMD’s new vision to adopt a Bitcoin treasury strategy, as well as the recent approval of the merger agreement by the company’s majority shareholders. The Utah Department of Commerce has also approved KindlyMD to conduct business under the name "Nakamoto."
David Bailey, Founder and CEO of Nakamoto, expressed his enthusiasm, noting the iconic value of the "Nakamoto" name in financial history, akin to the legacy of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Tim Pickett, CEO of KindlyMD, highlighted the merger’s potential to integrate their patient-first healthcare approach with Nakamoto’s Bitcoin expertise, aiming to foster innovation and shareholder value.
Starting May 23, 2025, KindlyMD’s securities will be traded under the new symbols, with no action required from current shareholders regarding the ticker change.
Nakamoto aims to become the first publicly traded conglomerate of Bitcoin companies, leveraging its Bitcoin treasury to build a global portfolio and provide infrastructure for the future of capital markets. Meanwhile, KindlyMD is focused on value-based care and personalized medical services, integrating data analysis to deliver improved health outcomes and reduce opioid use.
This move is a forward-looking statement and involves risks and uncertainties, including the integration of KindlyMD and Nakamoto’s businesses and realizing the anticipated benefits of the merger. InvestingPro analysis reveals several key considerations, including the company’s current unprofitable status with a -$4.02 million EBITDA and high price volatility. Subscribers to InvestingPro can access 13 additional ProTips and comprehensive financial metrics to better evaluate this strategic transformation. The information provided is based on a press release statement and should not be considered a forecast of future results.
In other recent news, KindlyMD, Inc. announced a definitive merger agreement with Nakamoto Holdings Inc., focusing on a Bitcoin treasury strategy. This merger, backed by $510 million in private investment and $200 million in debt financing, is expected to close in the third quarter of 2025, pending shareholder approval. KindlyMD’s shareholders have already approved the merger, moving the companies closer to finalizing the deal. Anchorage Digital has been named the exclusive custodian and trading service provider for KindlyMD’s Bitcoin assets, marking a significant step in corporate Bitcoin adoption. Additionally, KindlyMD has modified executive compensation, awarding stock options and restricted shares to top executives and independent directors. The merger aims to provide public market exposure to Bitcoin through a compliant and transparent structure. Notably, the deal includes a marketing services agreement with BTC Inc. and will leverage Nakamoto’s expertise to create long-term shareholder value. The combined entity will continue trading on Nasdaq under the KDLY ticker until it is renamed.
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