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KindlyMD's Board of Directors has approved a Share Repurchase Plan

10 hours ago

On December 18, official statements confirm that U.S.-listed Bitcoin treasury firm KindlyMD (NAKA) announced its board of directors has approved a share repurchase program for outstanding common stock. Under the newly approved program, KindlyMD may repurchase shares from time to time via open market purchases, privately negotiated deals, block trades, and/or other legally allowed methods. Repurchases may also occur under a 10b5-1 trading plan and will comply with the modified Rule 10b-18 of the Securities Exchange Act of 1934. Management will determine the timing, amount, and method of any repurchases based on factors including market conditions, share price, trading volume, capital needs, regulatory considerations, and other relevant factors. The program does not require the company to repurchase a specific number of shares, and the board may amend, suspend, or terminate it at its discretion at any time. Previously, KindlyMD faced delisting risk from Nasdaq after its share price stayed below $1 for 30 straight trading days.
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