Kindly MD completes merger with Nakamoto, raises ~$540M in PIPE, issues $200M convertible debenture

Nakamoto Inc.

Merger closed Aug 14: Nakamoto stockholders received 22.3M Kindly shares; Nakamoto becomes wholly owned sub.
PIPE financing raised ~$540M gross: 322.98M shares at $1.12, 5.68M at $5.00, plus 133.8M pre-funded warrants.
Issued $200M zero-coupon convertible debenture (first 2 yrs) with conversion price $2.80 (floor $2.00), secured by Bitcoin ≥2x principal.
Board overhaul: CEO David Bailey stays; new independent directors include Chad Blackburn, Perianne Boring, Eric Weiss, Greg Xethalis, Mark Yusko.
Warrants delisted from Nasdaq due to insufficient round lot holders; will trade OTC. Common stock listing unaffected.

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