Nakamoto Inc. (NAKA): debt financing — KindlyMD secures $203M credit facility from Two Prime, redeems $200M Yorkville convertible note

Nakamoto Inc.

Loan of $203,017,500 at 8.5% interest, maturing Sep 30, 2026, secured by Bitcoin/digital assets.
Proceeds used to fully redeem $200M convertible note from Yorkville (conversion price $2.80/share) plus 1.5% interest.
Repayment and termination of Debenture Purchase Agreement with Yorkville completed Sep 30, 2025.
Director Eric Weiss resigns; Mark Yusko named sole chair of Governance Committee, Perianne Boring appointed member.

item 1.01 item 1.02 item 2.03 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nakamoto Inc. incurred term loan of $203,017,500 with Two Prime Lending Limited at 8.5% per annum maturing September 30, 2026.

Instrument: term loan
Principal: $203,017,500
Counterparty: Two Prime Lending Limited
Rate: 8.5% per annum
Maturity: September 30, 2026
Event: incurrence

Exact text from the filing

The Two Prime Loan Agreement provides for a term loan facility in an aggregate principal amount of $203,017,500, bearing interest at a rate of 8.5% per annum, maturing on September 30, 2026 and can be prepaid at any time in whole or in part without premium or penalty.

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Source: SEC EDGAR

accession 0001213900-25-096183

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