KindlyMD (NASDAQ: NAKA), a Bitcoin vault company, experienced a nearly 10% drop in its stock price, closing at $0.55, after failing to release its third-quarter financial report on time. The delay was attributed to the complex accounting treatment required for the Nakamoto merger transaction. Over the past week, the company's stock has declined by 25%, and it has plummeted over 95% in the last six months.
The company filed a notice with the U.S. Securities and Exchange Commission last Friday, indicating the need for additional time to complete its financial reporting. This delay has contributed to the significant decrease in stock value, reflecting investor concerns over the company's financial transparency and operational challenges.
KindlyMD Stock Drops 10% Amid Q3 Financial Report Delay
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