According to a Form 8-K filed with the Securities and Exchange Commission (SEC), KindlyMD received a notice from Nasdaq on Dec. 10 stating that its common stock no longer meets the exchange’s minimum bid price requirement after closing below $1 for 30 consecutive business days.

The notice does not immediately affect trading, and KindlyMD’s shares continue to trade on the Nasdaq Global Market under the ticker NAKA. Still, the warning starts a 180-day compliance window that runs through June 8, 2026, during which the company must regain compliance or face possible delisting.

To satisfy Nasdaq’s rule, KindlyMD’s stock must close at $1 or higher for at least ten consecutive business days. Nasdaq retains discretion to extend that requirement to as many as 20 consecutive sessions before formally restoring compliance, according to the filing.

“If the company does not regain compliance with the Nasdaq Listing Rules prior to the expiration of the 180-day compliance period, the company may be eligible for additional time,” Chief Financial Officer Teri Gendron wrote in the filing, noting that the firm could seek a transfer to the Nasdaq Capital Market as an alternative path forward.

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That option would require KindlyMD to submit a transfer application, pay a $5,000 fee, and demonstrate that it can meet other listing standards. The company may also need to pursue a reverse stock split if market performance alone fails to lift the share price.

“There can be no assurance that the company will be successful in maintaining the listing of its common stock on the Nasdaq Global Market,” Gendron added, pointing to the uncertainty surrounding the outcome.

KindlyMD emerged earlier this year from a merger involving bitcoin treasury firm Nakamoto, positioning itself as a public company with exposure to bitcoin holdings. Since then, the stock has struggled, reflecting broader skepticism toward thinly traded treasury vehicles attempting to follow a Strategy-style playbook in public markets.

For now, the company says it is “actively monitoring” its share price and weighing all available options. Nasdaq, meanwhile, has made its stance clear: reclaim $1, or prepare for life off the exchange.

• Why is KindlyMD at risk of Nasdaq delisting?
  Its stock closed below $1 for 30 consecutive business days, violating Nasdaq’s minimum bid rule.
• How long does KindlyMD have to fix the issue?
  The company has until June 8, 2026, to regain compliance.
• What does KindlyMD need to do to comply?
  Shares must close at $1 or higher for at least 10 consecutive business days.
• What happens if KindlyMD fails to regain compliance?
  Nasdaq may move to delist the stock, though the company can appeal or seek a market transfer.

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