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Bitcoin Treasury KindlyMD Faces Nasdaq Delisting With Stock Down 99%

The post Bitcoin Treasury KindlyMD Faces Nasdaq Delisting With Stock Down 99% appeared com. In brief KindlyMD risks Nasdaq delisting as shares closed at $0. 38, below the required $1 minimum. The company must maintain a closing price of $1+ for at least 10 consecutive days by June 8, 2026 to regain compliance. Troubles mounted after the Nakamoto merger, with unlocked shares in September and delayed Q3 earnings in November. Bitcoin treasury company KindlyMD is at risk of being delisted from Nasdaq. According to the exchange’s rule, the company has until June 8, 2026 to regain compliance. To do that, the company’s share price has to close at $1 or more for a minimum of 10 consecutive business days. The company’s shares-which trade on Nasdaq under the NAKA ticker-closed at $0. 38 on Tuesday. The shares have consistently closed below $1 through October and November, with NAKA falling nearly 99% from its yearly peak price of $34. 77.  The exchange has room to be more stringent. “Nasdaq may, in its discretion, require the company to maintain such closing bid price for a period in excess of 10 consecutive business days, generally no more than 20 consecutive business days, before determining that the company has regained compliance,” Nasdaq wrote in its notice, which KindlyMD shared with investors through an SEC filing. KindlyMD completed its merger with Nakamoto to establish a Bitcoin merger in August, with David Bailey as CEO of the combined company. But trouble really began brewing in September when previously restricted shares sold during the firm’s $200 million fundraise were unlocked. “For those shareholders who have come looking for a trade, I encourage you to exit,” Bailey said in a shareholder letter at the time. “This transition may represent a point of uncertainty for investors, and we look forward to emerging on the other side with alignment and conviction amongst our backers.” The company saw.

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Indiana’s Fernando Mendoza wins 2025 Heisman Trophy

The Hoosiers shot-caller became the first Indiana player to win the award. Mendoza was instrumental in IU’s historic regular season, steering the Hoosiers to a 13-0 record, the program’s first outright Big Ten championship since 1945 and the No. 1 seed in the College Football Playoff. He led the country in passing touchdowns (33) and is the third Big Ten quarterback since 2000 with three straight games of at least four passing.

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Cotton Closes the Week with Weakness

Cotton futures closed the Friday session with contracts down 10 to 15 points across most front months, as March was down 10 points on the week. Crude oil futures were down 9 cents per barrel at $57. 51, with the US dollar index $0. 061 to $98. 405. A delayed CFTC report showed.

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