KindlyMD’s board has approved a share repurchase program for Bitcoin operations
Key receivers
KindlyMD's board has approved a stock buyback program to fund its Bitcoin operations. The initiative demonstrates confidence in KindlyMD's long-term digital asset strategy.
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KindlyMD, the parent company of integrated healthcare services provider and bitcoin-focused Nakamoto Holdings, has authorized a share repurchase program to repurchase its outstanding common stock.
The acquisitions may be made through open market purchases, private transactions, block trades and other permitted methods. In addition, the Company may use Rule 10b5-1 trading plans, all purchases of which are subject to Rule 10b-18 of the Securities Exchange Act.
“This share repurchase program reflects our belief in the long-term value of the company,” said CEO David Bailey. “We are focused on deploying capital in a disciplined manner and supporting the creation of sustainable value for shareholders.”
Management determines the timing and amount of purchases based on market conditions, capital needs, transaction volume and regulatory factors. The program does not require KindlyMD to repurchase any specific number of shares and may be modified or terminated at any time.
