Kindly MD to merge with Nakamoto Holdings, issue 22.3M shares; also secures $510M PIPE and $200M debenture

Nakamoto Inc.

Merger consideration: 22.3M Kindly shares at $1.12/share (~$25M); Nakamoto stockholders receive Kindly common.
PIPE Financing: $510M from subscribers at $1.12/share; proceeds for Bitcoin purchase and working capital.
Debt Financing: $200M secured convertible debenture from Yorkville; 0% interest for 2 yrs, then 6%; convertible at $2.80.
Lock-up agreements for directors, officers, certain shareholders; termination fee of $2.5M for either party.
Closing conditions include stockholder approvals, Nasdaq listing, S-3 effectiveness; target close Nov 14, 2025.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Machine-readable event card

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accession: 0001213900-25-041722
form_type: 8-K
ticker: NAKA
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company_name: Nakamoto Inc.
filed_at: 2025-05-12T23:59:59+00:00
discovered_at: 2026-05-14T18:02:50.536487+00:00
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Source: SEC EDGAR

accession 0001213900-25-041722

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