According to Mars Finance, on August 27, The Block reported that KindlyMD, a Nasdaq-listed medical services company, announced on Tuesday that it has submitted a registration statement for a shelved offering, planning to issue up to $5 billion in stock in 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 common stock valued at up to $5 billion through various sales agents, including TD Securities, Cantor Fitzgerald, and B. Riley Securities.
Nasdaq-listed company KindlyMD plans to issue $5 billion in stock to expand its Bitcoin treasury business
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