Bitcoin Treasury KindlyMD Extends Stock Collapse After Earnings Delay

KindlyMD's stock fell nearly 10% after it was unable to meet its Q3 earnings deadline due to complex accounting issues tied to its merger with Nakamoto. The company's shares, which trade under the NAKA ticker, have plummeted by more than 95% over the past six months, closing at $0.55 on the trading day. The firm cited that it would not satisfy the 45-day deadline for filing results, which ended on September 30, stating that the merger complexities required more time for accurate reporting. Expected Q3 results indicate a significant loss, including a $59 million loss on the Nakamoto acquisition and over $22 million in unrealized losses on digital assets. Despite these challenges, KindlyMD anticipates a $21.8 million positive change in contingent liability, suggesting a potential gain.

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