Kindly MD shares surge 22.51% after-hours as company authorizes $10M share repurchase program.

Kindly MD, Inc. (NAKA) surged 22.51% in after-hours trading following the announcement of a $10 million share repurchase program authorized by the company. This move signals management’s confidence in the stock’s value, particularly amid ongoing challenges including a recent Nasdaq delisting risk due to sub-$1 share price levels. The buyback initiative, coupled with prior refinancing efforts such as a $210 million Bitcoin-backed loan, aims to stabilize equity value and address liquidity concerns. The sharp after-hours rally aligns with investor optimism over the repurchase program’s potential to reduce share count and support long-term shareholder value, despite broader market volatility affecting crypto-linked equities.