Bitcoin Treasury KindlyMD Faces Nasdaq Delisting With Stock Down 99%
KindlyMD, a Bitcoin treasury company trading as NAKA on Nasdaq, is at risk of being delisted due to its share price consistently closing below $1. To regain compliance, its share price must close at $1 or higher for at least 10 consecutive business days before June 8, 2026; Nasdaq may extend this period to 20 days at its discretion. NAKA shares have dropped nearly 99% from a yearly peak of $34.77 to $0.38, with market capitalization falling to $256 million. The company completed a merger with Nakamoto in August, unlocking previously restricted shares in September, which contributed to the share price decline. Delays in its Q3 earnings report followed due to complex merger-related accounting. KindlyMD currently holds 5,398 BTC valued at $474 million.
