---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-041722"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:40:36.976593+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-041722
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000121390025041722/0001213900-25-041722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000121390025041722/ea0241620-8k_kindly.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-041722
- JSON: https://secwatch.observer/filing/0001213900-25-041722.json
- Plain text: https://secwatch.observer/filing/0001213900-25-041722.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.