KDLY News & Events

KindlyMD announced that on May 18, 2025, holders of a majority of the outstanding common stock of KindlyMD delivered a written consent approving the proposed merger agreement and related transactions with Nakamoto Holdings Inc., a Bitcoin-native holding company. In connection with the transaction, the parties will prepare and file an information statement with the Securities and Exchange Commission. The merger is expected to close 20 days after the date that the parties mail the information statement to KindlyMD shareholders.

KindlyMD announced that it has entered into a definitive merger agreement with Nakamoto, a Bitcoin-native holding company, to start a Bitcoin treasury strategy. Nakamoto is a new holding company founded by David Bailey. In partnership with BTC, Nakamoto seeks to build the first global network of Bitcoin treasury companies. The combined company will aim both to accumulate Bitcoin and grow the Bitcoin owned on a per share basis, or Bitcoin Yield, through a variety of equity, debt and other offerings. This merger gives the public market exposure to Bitcoin within a compliant, transparent structure backed by a uniquely experienced Bitcoin management team, including a partnership with one of the world's most influential Bitcoin marketing platforms. Shares of KindlyMD will continue to trade on Nasdaq under the symbol "KDLY." The combined company expects to be renamed and trade under a new ticker symbol. The Board of Directors of Nakamoto and KindlyMD have unanimously approved the transaction. The transaction will require the approval of the shareholders of KindlyMD and is subject to customary closing conditions. The transaction includes $510 million in gross proceeds from a fully committed private placement in public equity priced at $1.12 per share and consisting of common stock and pre-funded warrants in KindlyMD and $200 million in gross proceeds from the sale of senior secured convertible notes of KindlyMD that mature in 2028

KindlyMD is now contracted with Cigna Healthcare, after receiving additional credentialing. Cigna's innovative approach to behavioral health focuses on integrating mental health services with primary care and ensuring that individuals receive comprehensive support tailored to their unique needs. The inclusion of Cigna Healthcare marks another significant milestone for the Company, which has recently emerged as one of the first alternative medical treatment providers in the state to achieve this prestigious status, alongside contracts with Select Health, Medicare, and Medicaid. Following this achievement, KindlyMD also announced its contract with Blue Cross Blue Shield and United Healthcare, further solidifying its position in the healthcare landscape.

KindlyMD is now contracted with UnitedHealthcare Insurance Company. On November 1, 2024, KindlyMD will begin serving patients insured with UnitedHealthcare and will be eligible to receive reimbursement for those services. This new contract with UnitedHealthcare Insurance will enhance and expand coverage access to patients referred by additional major hospitals and medical systems for KindlyMD in Utah.