KindlyMD faces Nasdaq delisting risk after failing to meet minimum share price levels

Core Viewpoint - Kindly MD (NAKA) is at risk of being delisted from the Nasdaq exchange due to its share price falling below the minimum listing requirement of $1 for 30 consecutive trading days, with a deadline to rectify this by June 8 [1]. Group 1: Company Overview - Kindly MD was acquired in a reverse takeover by Nakomoto in August, retaining the KindlyMD name and changing its stock ticker [2]. - The company holds 5,398 BTC, valued at approximately $466 million, making it the 19th largest corporate holder of bitcoin [2]. Group 2: Stock Performance - Following the announcement of the reverse takeover, the shares surged to a record high in May but have since plummeted by 99%, closing at 38 cents, which is 0.817 times the net asset value (mNAV) [2]. Group 3: Potential Solutions for Delisting - If the share price does not meet the listing requirement by June, Nasdaq may grant an extension, the company could consider a reverse stock split, or it may apply to transfer to the Nasdaq Capital Market [3].