BlockBeats News, September 15th, Kindly MD CEO David Bailey posted on social media stating that the company submitted an S-3 filing on September 12th, registering the shares sold in the PIPE financing. With these shares entering the market, the company anticipates increased stock price volatility in the short term. For shareholders looking for short-term trades, the company recommends exiting. This transitional phase may bring uncertainty, and the company looks forward to emerging on the other side with supporters in unity and conviction. Kindly MD has been working diligently to prepare for the upcoming developments, has formulated plans, and is ready.
According to official information, since the launch of its Bitcoin strategy, the company has completed $7.42 billion in financing and merger transactions and established a treasury of over 5,700 bitcoins.
According to market data, at the time of writing, Kindly MD, Inc. (NAKA) plunged 55.75% in pre-market trading.
BlockBeats Note: PIPE financing is a method of raising funds by selling stock to private investors, usually issuing shares at a discounted price below the market value. After the S-3 filing registration is complete, these shares can enter public market trading. Due to the introduction of a significant number of new shares (in this case, shares from the PIPE financing), the stock supply in the market increases. If demand does not grow proportionally, this can lead to downward stock price pressure, triggering volatility.
