BlockBeats news, on August 27, according to The Block, Nasdaq-listed medical services company KindlyMD announced on Tuesday that it has submitted a shelved registration statement, planning to issue up to $5 billion in stock on the market. The company stated that it plans to use the net proceeds to support general corporate purposes, including expanding its Bitcoin treasury.
The company's press release stated that the plan allows the company to issue and sell up to $5 billion in common stock through various sales agents, including TD Securities, Cantor Fitzgerald, and B. Riley Securities.
