Price rocket: Nakamoto merges with KindlyMD and explodes 250%!

Price rocket: Nakamoto merges with KindlyMD and explodes 250%!

Today, May 12, 2025, the merged company of KindlyMD and Nakamoto Holdings made waves. KindlyMD shares saw an impressive 251.03 percent increase after the public learned of the merger. The price climbed to $13.69 after a recent close of $3.90. This marks a significant moment for the company and its investors.

The merger between KindlyMD, a publicly traded company, and Bitcoin-native holding company Nakamoto Holdings, founded by David Bailey, aims to build a significant Bitcoin treasury. This could represent one of the largest capital raises for a Bitcoin Treasury scheme.

Strategic goals of the merger

The new corporate structure resulting from this merger aims to establish a global network of Bitcoin treasury companies. The overall project is supported by a capital raising of US$710 million, consisting of US$510 million in a private placement (PIPE financing) and US$200 million through convertible notes (debt financing). This is considered the largest capital raise and PIPE financing for a listed crypto transaction.
In total, over 200 investors from six continents participated in the PIPE financing, including institutional investors such as Actai Ventures, Arrington Capital and Van Eck.

Upon completion of the transaction, David Bailey will serve as CEO of the combined company, while Tim Pickett, KindlyMD's current CEO, will remain at the helm of the healthcare operations focused on combating the opioid crisis. The main vision behind this merger is to put Bitcoin at the center of global capital markets, thereby creating deeper connections between traditional financial markets and the Bitcoin world.

Regulatory steps and outlook

The merger is subject to approval by KindlyMD's shareholders and is subject to customary closing conditions. Following the merger, the combined company will continue to trade on the Nasdaq under the symbol “KDLY,” but will be named under a new ticker symbol. The board will consist of six directors appointed directly by Nakamoto and one director appointed by KindlyMD. This structure is intended to ensure effective leadership and strategic direction.

Additionally, advisors such as Cohen & Company Capital Markets and 10X Capital will be involved in the process to support negotiations and regulatory approvals. Further information will be filed with the SEC and will be available on the respective company websites.

This merger sets the stage for integrating Bitcoin and other cryptocurrencies into the heart of modern finance, which could potentially have far-reaching implications for future investment strategies.

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