Latest news with #DavidBailey
Yahoo
a day ago
- Business
- Yahoo
KindlyMD Raises Another $51.5M for Bitcoin Treasury Strategy
KindlyMD (NAKA), a Salt Lake City-based health-care data firm merging with bitcoin-focused holding company Nakamoto, raised another $51.5 million for bitcoin BTC purchases, the companies announced Friday. The private placement equity financing round, also known as PIPE, was priced at $5 per share of common stock in KindlyMD. The financing was fully subscribed in less than three days, according to Nakamoto founder and CEO David Bailey. "We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible," he said in a statement. This fundraising brings the firm's total capital raise to around $763 million, including previous PIPE financing and convertible notes offering. NAKA shares fell around 7% in the early Friday session. The Nasdaq Composite index was little changed. The move comes as a growing roster of public companies raise capital to create crypto treasury strategies, reminiscent of software firm Strategy's (MSTR) long-running play to issue debt and sell shares for purchasing digital assets. Strategy is the largest corporate bitcoin holder with 592,00 BTC, worth over $62 billion, data shows. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business
- Business Wire
KindlyMD and Nakamoto Announce an Additional $51.5 Million In PIPE Financing To Support Bitcoin Treasury Efforts
SALT LAKE CITY--(BUSINESS WIRE)--Kindly MD, Inc. (NASDAQ: NAKA) ('KindlyMD'), which previously announced its anticipated merger with Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company, today announced the close of an additional $51.5 million in private placement in public equity ('PIPE financing') to support its efforts to establish a Bitcoin treasury. To date, KindlyMD has raised a total of approximately $563 million in PIPE financing and $763 million including convertible notes. 'Investor demand for Nakamoto is incredibly strong. This additional financing was raised in under 72 hours, adding the option for more working capital in addition to acquiring bitcoin,' said David Bailey, Founder and CEO of Nakamoto. 'We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible.' The transaction includes $51.5 million in gross proceeds from a fully committed PIPE financing priced at $5.00 per share and consisting of common stock in KindlyMD. The net proceeds from the PIPE financing are intended to be used by KindlyMD to purchase Bitcoin and for working capital and general corporate purposes. The PIPE financing is expected to close concurrently with the merger. Advisors Cohen & Company Capital Markets ('CCM'), a division of J.V.B. Financial Group, LLC is serving as lead financial advisor to Nakamoto and placement agent for the PIPE Financing. Reed Smith LLP is acting as legal advisor to Nakamoto. Brunson Chandler & Jones, PLLC is acting as legal advisor to KindlyMD. About KindlyMD KindlyMD is a patient-first healthcare and healthcare data company redefining value-based care and patient-centered medical services. KindlyMD leverages data analysis to deliver evidence-based, personalized solutions in order to reduce opioid use, improve health outcomes faster, and provide algorithmic guidance on the use of alternative medicine in healthcare. KindlyMD provides a patient-focused healthcare experience that integrates traditional medical evaluation and management with mental health integration and compliant alternative medicine education and inclusion. It focuses on creating personalized care plans for each individual that get people back to work and life faster, reduce opioid use, and yield high patient satisfaction. Its specialty outpatient clinical services are reimbursed by Medicare, Medicaid, and commercial insurance contracts as well as offered on a fee-for-service basis. For more information, please visit About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit Additional Information and Where to Find It In connection with the merger, PIPE Financing and the initial PIPE financing and debt financing announced on May 12, 2025 (collectively, the 'Transactions'), KindlyMD intends to file with the SEC an information statement, in preliminary and definitive form (the 'information statement'), and KindlyMD will file other documents regarding the Transactions with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE INFORMATION STATEMENT, AS MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY KINDLYMD WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT KINDLYMD AND NAKAMOTO, THE TRANSACTIONS, THE RISKS RELATED THERETO AND RELATED MATTERS. A definitive information statement will be mailed to shareholders of KindlyMD. Investors will be able to obtain free copies of statement, as may be amended from time to time, and other relevant documents filed by KindlyMD with the SEC (when they become available) through the website maintained by the SEC at Copies of documents filed with the SEC by KindlyMD, including the information statement (when available), will be available free of charge from KindlyMD's website at under the 'Investors' tab. Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that Kindly MD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that Kindly MD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that Kindly MD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of Kindly MD may not approve the issuance of new shares of Kindly MD common stock in the Transactions or that shareholders of Kindly MD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in Kindly MD's capital structure and governance could have adverse effects on the market value of its securities; the ability of Kindly MD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on Kindly MD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause Kindly MD and/or Nakamoto to incur substantial costs; the risk that Kindly MD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Kindly MD's and Nakamoto's control, including those detailed in Kindly MD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of Kindly MD filed, or to be filed, with the SEC that are or will be available on Kindly MD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that Kindly MD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither Kindly MD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Yahoo
2 days ago
- Business
- Yahoo
UK to Propose Restrictions on How Banks Can Deal With Crypto Next Year
The Bank of England plans to introduce new proposals on banks' exposure to crypto by 2026 to protect financial stability, a key official said Wednesday. The U.K. is looking to formulate rules that are more on the restrictive side, said David Bailey, the executive director of prudential policy at the Bank of England, in a speech at Risk Live Europe in London. Bailey suggested the country is likely to encourage banks to have a low exposure to crypto. "There are also examples where it might be more appropriate to start more towards the restrictive end of the spectrum, while evidence is gathered to see if standards can be relaxed over time," Bailey said. "The prudential treatment of banks' exposures to cryptoassets, and specifically those with features associated with heightened price volatility and where investors could lose the entirety of their investment, is an example in this space." The nation is seeking to implement the Basel Committee on Banking Supervision's disclosure framework for banks' exposure to crypto. This framework must be put in place by the start of 2026 to help nations evaluate risks, the committee said. The Committee also proposed rules that banks should limit exposure to crypto like bitcoin to 1%. The U.K.'s plans will be "informed" by the standards developed by the Basel Committee, Bailey said. Nations have been looking to ensure they can maintain financial stability despite crypto volatility by monitoring how interlinked banks are to crypto, especially following the 2023 collapses of Silicon Valley Bank and Silvergate Bank which both had crypto clients. The U.K.'s prudential crypto rules will come at a time where the country's other financial regulator — the Financial Conduct Authority — is set to implement a new regime for in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Nakamoto Holdings to Participate in ICR Conference Spotlight Series
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding that has entered into a definitive merger agreement with KindlyMD, Inc. (NASDAQ: NAKA) ('KindlyMD'), is pleased to share that David Bailey, Chief Executive Officer, will participate in an ICR Conference Spotlight Series The webinar, titled 'HODL On Tight: Examining The Rise of Public Market Crypto Balance Sheet Strategies', will examine the evolution of crypto balance sheet strategies and the strategic rationale and benefits driving the proliferation of these public market companies. David will be joined by executives from Clear Street Investment Banking, Upexi, Inc. (NASDAQ:UPXI), and Sol Strategies, Inc. (CSE: HODL). To learn more about the event please click here. About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that Kindly MD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that Kindly MD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that Kindly MD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of Kindly MD may not approve the issuance of new shares of Kindly MD common stock in the Transactions or that shareholders of Kindly MD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in Kindly MD's capital structure and governance could have adverse effects on the market value of its securities; the ability of Kindly MD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on Kindly MD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause Kindly MD and/or Nakamoto to incur substantial costs; the risk that Kindly MD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Kindly MD's and Nakamoto's control, including those detailed in Kindly MD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of Kindly MD filed, or to be filed, with the SEC that are or will be available on Kindly MD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that Kindly MD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither Kindly MD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Daily Mail
12-06-2025
- Entertainment
- Daily Mail
David Bailey's son Sascha reveals his baby's gender and unusual name as he confirms what he'd tell his unborn child about trans ideology after he nearly transitioned to be a woman
Photographer David Bailey's son Sascha has revealed he and girlfriend are expecting a baby boy. The baby's gender reveal comes just three years after Sascha considered transitioning into a woman. The former model, 30, who is the son of renowned photographer David Bailey and his model ex-wife Catherine, was so depressed during his marriage that he believed he was suffering from gender dysphoria - and seriously considered undergoing irreversible surgery to become female. Now, as he prepares to welcome his first child in August with Lucy Brown - a former assistant to political activist Tommy Robinson - Sascha said that he is finally out of the 'worst years of my life'. He told MailOnline: 'We're having a boy. We're calling him Wolfgang Robert Bailey. 'Wolfgang was going to be my name, but my Dad vetoed it. I always wanted it, so now I'm passing it on. And Robert is after Lucy's uncle, who has passed away.' From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the Daily Mail's new showbiz newsletter to stay in the loop. The milestone is made even sweeter, he said, by the fact that his divorce from Japanese lawyer Mimi Nishikawa, 49, is now finally coming to an end after three tumultuous years. 'It has been a nightmare but the divorce is in the final stage and is due to go through next month,' he said. 'So this will be a whole new beginning. I've never felt happier.' Sascha and Lucy, 34, are currently staying with his parents in London but have found a new flat which they will move into in the next few weeks. However, marriage isn't on the cards just yet. 'I'm still traumatised from the last one,' Sascha admitted. 'But with Lucy, I see it in our future. I want to do it properly this time.' It's a remarkable turnaround for the model turned art curator, who in 2021 spiralled into a mental health crisis so severe that he considered ending his life. 'I felt totally lost. I didn't want to be alive,' he told the Mail at the time. 'I convinced myself I must be transgender - that I was living the wrong life in the wrong body. It felt like the only way out.' Sascha began exploring gender transition online and quickly found an echo chamber in chatrooms and forums. 'There was so much encouragement to 'just do it',' he recalled. 'I saw a private doctor who spent ten minutes with me, said I was trans and gave me a prescription for female hormones. That was it.' He said he was days away from booking gender reassignment surgery when something shifted. 'I just stopped and thought: hang on, this isn't right. This is trauma. I don't need a new body - I need to understand why I'm in pain,' he said. He credits his famously brusque father - and Lucy, who he met shortly after leaving his marriage - with helping him find his way back to himself. He said: 'Lucy saved my life. She helped me feel grounded again. Like I wasn't broken.' Now, as he prepares to become a father, Sascha is braced for his unborn child perhaps one day broaching the subject of gender dysphoria themselves. 'I'd be very against it, obviously,' Sascha mused. 'You can't get a tattoo. You can't change your gender. It's really as simple as that. 'If you give someone one little piece of control, one little thing they can do, they will gravitate towards that little bit of control. 'Kids have no control over their life. So we have to look after them, we make sure that they don't make bad decisions. 'If you allow them to have this one avenue, a lot of them will take it just because it's a bit of control.' Now firmly on the other side of that dark chapter, Sascha has become a vocal critic of what he calls the 'rushed' approach to gender treatment, especially for young people. He revealed he's been contacted by dozens of detransitioners since sharing his experience publicly. 'So many of them regret it. But the system doesn't want to hear from them - they're treated like they're an inconvenience.' His memoir, Try to Hit the Pool - which will be released next month - dives deep into his mental health battle, marriage breakdown, aborted transition, and journey back to himself. Sascha added: 'The book is a way for me to close that terrible saga of my life.' Now, Sascha is focused on the arrival of baby Wolfgang - and on building a new life with Lucy, who has won the approval of hard-to-impress Bailey Snr.
