$BTC #bitcoin #Nakamoto
The agreement includes financing of USD 710 million.
KindlyMD's shares will continue to trade on Nasdaq under the symbol "KDLY." The startup will change its name and trade under a new ticker.
The boards of directors of Nakamoto Holdings and KindlyMD have unanimously approved the transaction, which will also require approval from the shareholders of the latter company.
The transaction includes USD 510 million of gross proceeds from a private placement of public equity at USD 1.12 per share, consisting of ordinary shares and pre-funded warrants of KindlyMD, and USD 200 million of gross proceeds from the sale of convertible bonds secured maturing in 2028.
The financing is expected to close alongside the merger.
Once completed, the new company will inherit the obligations and business relationships of Nakamoto Holdings, including marketing services provided by BTC Inc, publisher of Bitcoin Magazine and organizer of the annual Bitcoin Conference.
