Kindly MD (NASDAQ: NAKA) moves to delist its NAKAW tradeable warrants

Rhea-AI Filing Summary

Kindly MD, Inc. filed a Form 25 to remove its tradeable warrants to purchase shares of common stock (Nasdaq: NAKAW) from listing on The Nasdaq Stock Market LLC. This action relates specifically to the warrant class, not the underlying common stock, and is a formal step in ending exchange trading and/or registration of these warrants under Section 12(b) of the Securities Exchange Act of 1934.

Insights

Equity Capital Markets Analyst

Kindly MD is delisting its Nasdaq-listed warrants, affecting liquidity and trading access for that specific security.

Kindly MD, Inc. has submitted a Form 25 to remove its tradeable warrants (Nasdaq: NAKAW) from listing on The Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act. Form 25 is the standard mechanism U.S. issuers use to delist or deregister a class of securities from a national exchange.

This filing applies to the warrants rather than the common stock itself, so the direct impact is concentrated on holders of that warrant class. Once the process is complete, these warrants typically cease trading on Nasdaq, which can reduce liquidity and may shift any remaining trading, if available, to less liquid venues.

The filing is signed by the company’s Chief Executive Officer, David Bailey, dated August 15, 2025, confirming that the issuer believes it meets the requirements for this delisting action. Subsequent disclosures in future company filings may provide further context on the status of the underlying common shares and any alternative trading arrangements, if applicable.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING

AND/OR REGISTRATION UNDER SECTION 12(B)

OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 001-42103

Kindly MD, Inc.

The Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange

where security is listed and/or registered)

5097 South 900 East, Suite 100

Salt Lake City, UT 84117

(385) 388-8220

(Address, including zip code, and telephone number, including area code, of Issuer’s principal executive offices)

Tradeable warrants to purchase shares of Common Stock, par value $0.001 per share (Nasdaq: NAKAW)

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

☐ 17 CFR 240.12d2-2(a)(1)

☐ 17 CFR 240.12d2-2(a)(2)

☐ 17 CFR 240.12d2-2(a)(3)

☒ 17 CFR 240.12d2-2(a)(4)

☐ Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange.

☒ Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with the rules of the Exchange and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements for the Securities Exchange Act of 1934, Kindly MD, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

August 15, 2025		By:		/s/ David Bailey		Chief Executive Officer
Date				Name		Title

Potential persons who are to respond to the collection of information contained in this Form are not required to respond unless the Form displays a currently valid OMB control number.

FAQ

What action is Kindly MD, Inc. (NAKA) taking in this Form 25?

Kindly MD, Inc. is filing a Form 25 to remove its tradeable warrants to purchase shares of common stock (Nasdaq: NAKAW) from listing on The Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934.

Which Kindly MD security is affected by this Nasdaq delisting?

The action applies to Kindly MD’s tradeable warrants to purchase common stock, identified on Nasdaq under the symbol NAKAW, and does not refer to the common stock itself in the provided content.

What does a Form 25 filing mean for Kindly MD warrants NAKAW?

A Form 25 filing is the formal notification that a class of securities, here the Kindly MD tradeable warrants (NAKAW), is being removed from listing and/or registration on a national securities exchange under Section 12(b).

Who signed Kindly MD, Inc.’s Form 25 for the warrant delisting?

The Form 25 notification for Kindly MD’s tradeable warrants was signed by David Bailey, the company’s Chief Executive Officer, dated August 15, 2025.

Does this Form 25 affect Kindly MD’s common stock listing on Nasdaq?

The content specifically describes the removal from listing of Kindly MD’s tradeable warrants to purchase common stock (NAKAW). It does not state any change to the listing status of the common stock itself.

Under which law is Kindly MD removing its warrants from listing?

Kindly MD’s Form 25 relates to removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934.