KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption

Provides Flexibility to Pursue Long-Term Growth Strategy While Preserving Bitcoin Holdings and Strengthening the Company's Balance Sheet

SALT LAKE CITY, UT / ACCESS Newswire / October 3, 2025 / KindlyMD, Inc. (NASDAQ:NAKA) ("KindlyMD" or "the Company"), a provider of integrated healthcare services and a Bitcoin treasury vehicle via its subsidiary Nakamoto Holdings ("Nakamoto"), today announced that it has entered into an open credit facility with Two Prime Lending Limited ("Two Prime"), the secured lending affiliate of Two Prime Inc., pursuant to which Naka SPV 2, LLC ("Naka 2") received a term loan from Two Prime in the principal amount of $203,017,500.

Proceeds from the financing were primarily used for the redemption of a $200 million convertible debenture, plus 1.5% interest, with YA II PN, Ltd., an investment fund managed by Yorkville Advisors ("Yorkville"), which had a conversion price of $2.80 per share.

"We are pleased to work with Two Prime, a leading Bitcoin-native lender that is aligned with our vision and treasury strategy," said Tyler Evans, Chief Investment Officer of KindlyMD. "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."

The Notice of Redemption for the Convertible Debenture was delivered Monday, September 15, 2025, and the redemption amount, less any amounts converted on or prior to September 29, 2025, was fully repaid on September 30, 2025.

‍About KindlyMD
KindlyMD is a patient-first and healthcare data company redefining value-based care and patient-centered medical services. Formed in 2019, KindlyMD leverages data analysis to deliver evidence-based, personalized solutions in order to reduce opioid use, improve health outcomes faster, and provide value based, algorithmic guidance on the use of alternative medicine in healthcare. In August 2025, KindlyMD completed its merger with Nakamoto Holdings Inc., a Bitcoin-native holding company. This strategic partnership formed a public Bitcoin treasury strategy that unites KindlyMD's healthcare expertise with Nakamoto's vision of integrating Bitcoin into global capital markets, creating a diversified entity focused on both healthcare innovation and Bitcoin treasury management.