KindlyMD, Inc. and Nakamoto Holdings Inc. announced on August 14, 2025, the consummation of their previously announced merger. The combined company will retain the KindlyMD name and continue to trade on the Nasdaq Capital Market under the ticker symbol 'NAKA'.
David Bailey will lead the combined company as CEO, supported by a new management team. The merger also includes the appointment of six new members to the Board of Directors.
The transaction successfully raised $540 million in gross proceeds through PIPE financing, which is designated to fund Bitcoin purchases. This completion officially establishes KindlyMD as an institutional-grade Bitcoin treasury vehicle alongside its integrated healthcare services.
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