KindlyMD Faces NASDAQ Delisting Risk as Stock Price Remains Below $1 for 30 Consecutive Trading Days
BlockBeats News, December 16: The US stock-listed Bitcoin treasury company KindlyMD (NAKA) faces delisting risk from Nasdaq as its stock price has been below $1 for 30 consecutive trading days. KindlyMD must raise its stock price to 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, closing at $0.38 on Monday.
KindlyMD holds 5,398 bitcoins (worth about $466 million) and is the world's 19th largest corporate Bitcoin holder. It was previously acquired by Nakomoto through a reverse merger in August. Since hitting an all-time high in May, the stock has plummeted by 99%.
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