---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-096183"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:49:39.982611+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# KindlyMD secures $203M credit facility from Two Prime, redeems $200M Yorkville convertible note

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-096183
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000121390025096183/0001213900-25-096183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000121390025096183/ea0260270-8k_kindly.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-096183
- JSON: https://secwatch.observer/filing/0001213900-25-096183.json
- Plain text: https://secwatch.observer/filing/0001213900-25-096183.txt

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