KindlyMD Secures $200 Million Credit Facility from Two Prime, Strengthens Balance Sheet and Preserves Bitcoin Holdings.

KindlyMD has secured a $200 million credit facility from Two Prime and redeemed a $200 million convertible note with YA II PN, Ltd. Proceeds from the financing were used to redeem the convertible debenture with a conversion price of $2.80 per share. The financing enhances KindlyMD's balance sheet, aligns its capital structure with shareholders, and positions the company to advance from a position of strength.

KindlyMD, Inc. (NASDAQ:NAKA), a provider of integrated healthcare services and a Bitcoin treasury vehicle via its subsidiary Nakamoto Holdings, has secured a $200 million credit facility from Two Prime Lending Limited. The proceeds from this financing were used to redeem a $200 million convertible debenture held by YA II PN, Ltd. KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption^[1]

The redemption of the convertible debenture, which had a conversion price of $2.80 per share and carried a 1.5% interest rate, simplifies KindlyMD's capital structure and reduces potential share dilution. The redemption was completed on September 30, 2025, following a notice delivered on September 15, 2025 KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption^[1].

The new credit facility enhances KindlyMD's liquidity and positions its balance sheet for long-term initiatives. Tyler Evans, Chief Investment Officer of KindlyMD, stated, "This financing, together with the redemption of the convertible note, is an important step we are taking to enhance KindlyMD's balance sheet, align our capital structure with shareholders, and position the company to advance from a position of strength." KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption^[1]

Two Prime Lending Limited, an affiliate of Two Prime Inc., an SEC-Registered Investment Advisor, provides secured credit solutions to institutional Bitcoin holders. The firm's flexible, non-rehypothecated loans are backed by collateral held in segregated, secured custody, promoting long-term trust in digital finance KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption^[1].

The strategic partnership between KindlyMD and Nakamoto Holdings, formed in August 2025, aims to integrate Bitcoin into global capital markets and create a diversified entity focused on both healthcare innovation and Bitcoin treasury management KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption^[1].