Overview
- Kindly MD notified the SEC it missed the Sept. 30 quarter 10‑Q deadline and said it expects to file within the five‑day extension allowed under the rules.
- The company attributed the delay to applying US GAAP standards with PCAOB‑level review to the August Nakamoto merger.
- Preliminary results show a roughly $59 million loss on the acquisition, about $22.07 million in unrealized digital‑asset losses, $1.41 million realized crypto losses, and a $14.45 million loss on extinguishment of debt, partly offset by a $21.85 million gain from a contingent‑liability revaluation.
- Shares fell roughly 7–10% intraday to about $0.55–$0.57 and are down about 95% over six months.
- The company holds 5,765 BTC, placing it among the larger corporate bitcoin treasuries, and CEO David Bailey has not commented on the share slide or the delay.