Overview
- The board approved a discretionary repurchase program that can use open‑market buys, privately negotiated or block trades, and Rule 10b5‑1 plans in compliance with Rule 10b‑18.
- Management did not set a dollar cap or timetable for buybacks, and the board can modify, suspend, or terminate the program at any time.
- Shares gained roughly 9–9.5% in early trading to about $0.40 following the announcement.
- KindlyMD reports holding 5,398 bitcoin, worth about $1 billion at roughly $88,000 per coin, versus an estimated enterprise value near $400 million.
- The company recently disclosed a Nasdaq delisting notice after weeks below $1, following a decline of more than 95% from its spring peak after the SPAC merger.