KindlyMD Shares Surge 250% Post-Merger With Trump Crypto Advisor David Bailey
The post KindlyMD Shares Surge 250% Post-Merger With Trump Crypto Advisor David Bailey appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Shares of healthcare company KindlyMD (KDLY) skyrocketed by 250% on Monday after the firm announced a merger with Nakamoto Holdings, a Bitcoin (BTC) investment company founded by David Bailey, crypto advisor to President Donald Trump. KindlyMD Secures $710 Million In Funding According to CNBC, the newly merged entity has secured a substantial financial boost, raising $200 million in convertible debt and an additional $510 million through a private investment in public equity (PIPE) deal. Investors in the PIPE are purchasing shares at $1.12 each, while the convertible notes will convert at a premium price of $2.80. Notably, these notes are zero-coupon for the first two years, allowing investors a unique opportunity to benefit from future growth. Related Reading Bailey revealed the overwhelming interest in the offering, stating, “I’ve been raising about $100 million a day. Yesterday, I raised almost $200 million.” The funding round has attracted over 200 investors, including prominent names such as Actai Ventures, Arrington Capital, and Van Eck. Individual backers include notable figures in the cryptocurrency world, such as cryptographer Adam Back, CEO of Blockstream, and former Coinbase executive Balaji Srinivasan. A ‘Transformational Transaction’ For Bitcoin Integration Constantine Karides, chair of Reed Smith’s Crypto & Digital Assets Group and lead counsel on the deal, characterized the merger as a “transformational transaction.” Karides noted that Bitcoin’s rise as a treasury asset is a natural progression, reflecting a broader trend in capital markets toward innovative transaction structures that…
