Key Takeaways
- KindlyMD’s board has approved a share repurchase program to support its Bitcoin operations.
- The initiative reflects confidence in KindlyMD’s long-term digital asset strategy.
KindlyMD a provider of integrated healthcare services and parent company of Bitcoin-focused Nakamoto Holdings, has authorized a share repurchase program to buy back its outstanding common stock.
The repurchases may be conducted through open-market purchases, private transactions, block trades, and other permissible methods. The company may also use Rule 10b5-1 trading plans, with all buybacks subject to Rule 10b-18 of the Securities Exchange Act.
Management will determine the timing and amount of buybacks based on market conditions, capital needs, trading volume, and regulatory factors. The program does not commit KindlyMD to repurchase any specific number of shares and may be adjusted or discontinued at any time.
Source: https://cryptobriefing.com/share-repurchase-bitcoin-operations/
