KindlyMD (NAKA), a company involved in healthcare and Bitcoin treasury management, has received a delisting warning from Nasdaq after its stock traded below $1 for 30 consecutive days. To regain compliance, KindlyMD must ensure its stock closes at or above $1 for 10 consecutive trading days by June 8. The company, which completed a restructuring through a reverse merger in August, currently holds 5,398 Bitcoins. Despite an initial surge following the merger announcement, the stock has since declined, closing at $0.38 on Monday.
KindlyMD Faces Nasdaq Delisting Risk as Stock Falls Below $1
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