Bitcoin treasury company KindlyMD faces the risk of delisting from Nasdaq due to its stock price being below $1 for 30 consecutive trading days

According to CoinDesk, healthcare and Bitcoin treasury company KindlyMD (NAKA) is facing the risk of delisting from the Nasdaq exchange due to its stock price being below $1 for 30 consecutive trading days.

According to a filing the company made with the U.S. Securities and Exchange Commission on December 12, KindlyMD must raise its stock price above $1 and maintain it for 10 consecutive trading days before 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 in the world. The company was acquired by Nakomoto through a reverse merger in August. Since the stock hit an all-time high when the transaction was announced in May, it has plummeted by 99%.