AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
KindlyMD Secures $200 Million Credit Facility from Two Prime, Strengthens Balance Sheet and Preserves Bitcoin Holdings.
ByAinvest
Friday, Oct 3, 2025 4:09 pm ET1min read
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. [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 [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." [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 [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 [1].
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet