Kindly MD, Inc. disclosed that it filed an S-3 filing on September 12 to register shares sold in the recent PIPE financing. Management warned of near-term volatility as registered shares become eligible for public trading and recommended that short-term holders consider exiting to manage risk.
Company filings indicate a cumulative $7.42 billion in financing and merger transactions since launching its Bitcoin strategy, and a treasury exceeding 5,700 bitcoins. Market quotes show NAKA fell approximately 55.75% in pre-market trading at the time of reporting.
Analysts note that once registered shares from a PIPE are released post-S-3 registration, overall market supply increases; absent proportional demand growth, price pressure and elevated short-term volatility are common and warrant investor caution.