KindlyMD's Board of Directors has approved a Share Repurchase Plan

BlockBeats News, December 18th, according to official sources, the US-listed Bitcoin treasury company KindlyMD (NAKA) announced today that its board of directors has approved a share repurchase program, under which the company may repurchase its outstanding common stock.

Under the newly authorized repurchase program, KindlyMD may, from time to time, repurchase its common stock through open market purchases, privately negotiated transactions, block trades, and/or other legally permissible means. Repurchases may also be made under a 10b5-1 trading plan and will comply with the modified Rule 10b-18 of the 1934 Securities Exchange Act.

The timing, amount, and method of any share repurchases will be determined by management based on various factors, including market conditions, stock price, trading volume, capital requirements, regulatory factors, and other relevant considerations. The plan does not obligate the company to repurchase any specific number of shares, and the board of directors may amend, suspend, or terminate the plan at any time at its discretion.

Previously reported, KindlyMD faced the risk of delisting from the Nasdaq as its stock price remained below $1 for 30 consecutive trading days.