---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-015752"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2025-06-20T23:59:59+00:00"
generated_at: "2026-05-19T01:58:56.898119+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KindlyMD secures $51.5M PIPE at $5/share to fund Bitcoin treasury ahead of Nakamoto merger

## Summary
- PIPE of up to 10.3M shares at $5.00/share for $51.5M gross proceeds, concurrent with Nakamoto merger close.
- Total PIPE financing raised to date: ~$563M; combined with convertible notes totals ~$763M.
- Proceeds intended for Bitcoin purchases and working capital; demand described as 'incredibly strong' and raised in under 72 hours.
- Board unanimously approved; majority shareholders consented to issuance over 20% of common stock for Nasdaq compliance.
- PIPE is conditioned on merger closing; registration rights for resale will be filed within 30 days post-close.

## SEC filing metadata
- accession: 0001641172-25-015752
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2025-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000164117225015752/0001641172-25-015752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000164117225015752/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-015752
- JSON: https://secwatch.observer/filing/0001641172-25-015752.json
- Plain text: https://secwatch.observer/filing/0001641172-25-015752.txt

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