""This share repurchase program reflects our confidence in the long-term value of the Company and adds an important degree of flexibility to our capital allocation framework," said David Bailey, Chairman and CEO of KindlyMD. "As shareholders ourselves, we remain focused on deploying capital with discipline and intention, balancing continued investment in our strategic priorities with actions we believe will drive durable value for all shareholders.""
"KindlyMD Inc., the healthcare firm operating a Bitcoin treasury through its subsidiary Nakamoto Holdings, said Wednesday its board has authorized a share repurchase program, giving management discretion to buy back stock as shares trade below the value of the company's bitcoin holdings. The Nasdaq-listed company said it may repurchase shares through open-market purchases, privately negotiated transactions, block trades, or other legally permissible methods. Buybacks may also be executed under Rule 10b5-1 trading plans and will comply with Rule 10b-18 of the Securities Exchange Act."
KindlyMD authorized a share repurchase program allowing management discretion to buy back shares when market prices trade below the value of the company's bitcoin holdings. Repurchases may occur via open-market purchases, privately negotiated transactions, block trades, and other lawful methods, and may be executed under Rule 10b5-1 plans while complying with Rule 10b-18. Management will decide timing and size based on market conditions, capital needs, liquidity, and regulatory factors, and the board may modify or end the program. The authorization followed a steep post-merger share selloff; KindlyMD holds 5,398 bitcoin valued at roughly $1 billion at current prices.
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