The post KindlyMD’s shares tank nearly 10% after missing Q3 earnings reporting deadline appeared on BitcoinEthereumNews.com.

KindlyMD’s shares tanked nearly 10% on Monday, just hours after the company said it couldn’t file its Q3 earnings on time “without unreasonable effort or expense.” That update came Friday in a filing to the U.S. Securities and Exchange Commission, not exactly the kind of pre-weekend news investors like waking up to. By the closing bell, NAKA (KindlyMD’s Nasdaq-listed stock) sank to $0.55, down 25% over the past week, and a gut-wrenching 95% below where it stood six months ago. The company had until November 14 to submit its quarterly results for the three months ending September 30, but instead of delivering its usual 10-Q, KindlyMD told regulators it needed more time due to the messy accounting tied to its merger with Nakamoto, a crypto treasury firm. That merger happened earlier this year, and ever since, the financials have been chaotic. Q3 delay follows massive $59M write-down from Nakamoto deal The real bombshell? KindlyMD warned that it’s about to report a $59 million loss on the Nakamoto acquisition. That means it overpaid by $59 million compared to what Nakamoto’s assets were actually worth. Not exactly a flex. The crypto company, originally known as Nakamoto Games, became part of KindlyMD in a deal that also put David Bailey, Nakamoto’s founder, in the CEO seat back in August. Bailey hasn’t said anything directly about the company’s stock collapse or the late earnings. But he did post on X (formerly Twitter) about a leadership change at BTC Inc., the media firm he co-founded. That’s as close as he’s gotten to commenting. Still, the numbers say it all. In the same SEC filing, KindlyMD said it expects to log a $1.4 million realized loss, meaning it sold some crypto at a loss, and an additional $22 million unrealized loss on the coins it still…

---

Filed under: News - @ November 18, 2025 9:26 am