KindlyMD (NAKA), the healthcare services provider turned Bitcoin treasury company, announced a $5 billion at-the-market (ATM) equity offering program, filing a shelf registration statement and prospectus supplement with the SEC on August 26.
The ATM program supplements KindlyMD’s recent merger with Nakamoto on August 14 and its initial acquisition of 5,744 BTC.
CEO David Bailey characterized the ATM program as “a pivotal step in our long-term capital strategy,” and that the Nakamoto intends to deploy the ATM Program thoughtfully and methodically, using it as a flexible tool to strengthen our balance sheet, seize market opportunities, and deliver accretive value for our shareholders.”
At time of publication, NAKA is down 1.2% during pre-market hours.
