KindlyMD finalized a 200 million USD convertible note funding. The notes are interest-free for two years, transitioning to a 6% annual interest rate starting in the third year until maturity in 2028.
The company plans to utilize this funding to increase its Bitcoin (BTC) assets, further solidifying its position in the cryptocurrency market.
Following the announcement, NAKA shares dropped by 11.2%, influenced by both the funding news and a decline in Bitcoin’s price, raising concerns over potential dilution for current shareholders.
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