David Bailey's KindlyMD receives delisting warning from Nasdaq, but stock rallies
The notice allows the company 180 calendar days, until June 8, 2026, to regain compliance.
Key Takeaways
- KindlyMD received a Nasdaq delisting warning due to its stock price remaining below $1 for 30 consecutive business days.
- The company can regain compliance by raising its stock price or transferring to the Nasdaq Capital Market by June 8, 2026.
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KindlyMD, a healthcare services provider and Bitcoin treasury, received a delisting warning from Nasdaq after its stock stayed under $1 for 30 consecutive trading sessions, according to a recent SEC disclosure.
Nasdaq’s notice, issued on December 10, indicates that the company does not currently meet the minimum bid price requirement under the exchange’s listing rules.
KindlyMD has 180 days, through June 8, 2026, to achieve a closing price of at least $1 per share to restore compliance. In the meantime, the company’s stock continues to trade on the Nasdaq Global Market.
Failure to meet the $1 threshold may prompt a transfer to the Nasdaq Capital Market or other remedial actions, such as a reverse stock split, to address the deficiency and prevent delisting, as noted in the filing.
KindlyMD said it would continue to monitor its stock price and is evaluating options to maintain its listing and comply with Nasdaq rules.
KindlyMD’s shares climbed around 6% after news of the Nasdaq delisting risk surfaced on Tuesday.
The stock last traded above $1 in early October and has declined approximately 68% year to date.
