Overview
- NAKA closed at $0.38 on Tuesday, leaving the stock down nearly 99% from its yearly peak of $34.77.
- To regain compliance, shares must close at $1 or higher for at least 10 consecutive business days by June 8, 2026, and Nasdaq may require up to 20 days.
- Nasdaq issued the notice on Dec. 10, disclosed in a Dec. 12 SEC filing, and the stock rose about 6% after the news.
- KindlyMD holds roughly 5,398 BTC, placing it among the larger corporate bitcoin treasuries, while its market capitalization is reported around $256 million.
- The company, which completed a reverse takeover with Nakamoto in August, has faced selling pressure from September share unlocks and delayed its Q3 report in November due to complex post‑merger accounting; potential remedies include a reverse split or transferring to the Nasdaq Capital Market while trading continues on the Nasdaq Global Market.