KindlyMD faces delisting risk from Nasdaq after its stock price remained below $1 for 30 consecutive trading days.

Odaily Planet Daily reports that KindlyMD (NAKA), a healthcare and Bitcoin treasury company, faces delisting risk from the Nasdaq stock exchange after its share price remained below $1 for 30 consecutive trading days.

According to a filing with the U.S. Securities and Exchange Commission on December 12, KindlyMD must raise its share price above $1 for 10 consecutive trading days by June 8, 2026, to avoid delisting. The stock first fell below $1 in late October, closing at $0.38 on Monday.

According to data from BitcoinTreasuries.net, KindlyMD holds 5,398 bitcoins (worth approximately $466 million), making it the 19th largest corporate bitcoin holder globally. The company was acquired by Nakomoto in August through a reverse takeover. Since its share price hit an all-time high when the deal was announced in May, it has plummeted 99%. (CoinDesk)