- **KindlyMD, Inc. (NAKA)** announced a strategic partnership with Antalpha to develop innovative financing tools for the Bitcoin market and accelerate Bitcoin adoption.  **[1946573_0001213900-25-096801_ea026040201ex99-1_kindly.htm:0]** 
- The partnership includes a non-binding letter of intent for KindlyMD's subsidiary, Nakamoto, to issue **5-year $250 million secured convertible notes** to Antalpha.  **[1946573_0001213900-25-096801_ea026040201ex99-1_kindly.htm:0]** 
- The financing from the convertible notes is intended for long-term funding, expanding Bitcoin holdings in the Nakamoto Bitcoin Treasury, and replacing a prior **$203 million Bitcoin-secured credit** from Two Prime Lending Limited.  **[1946573_0001213900-25-096801_ea026040201ex99-1_kindly.htm:0]** 
- An interim Bitcoin-backed loan of **206,000,000 USDT** at **7.0% per annum** was established on October 6, 2025, maturing in **thirty days** with an optional 30-day extension, to bridge until the convertible debt facility is completed.  **[1946573_0001213900-25-096801_ea026040201ex99-1_kindly.htm:0]** **[1946573_0001213900-25-096801_ea0260402-8k_kindly.htm:0]** **[1946573_0001213900-25-096801_ea0260402-8k_kindly.htm:1]**

KindlyMD Announces Strategic Partnership with Antalpha and Intent for $250 Million Convertible Debt Facility

- Kindly MD, Inc., through its subsidiary Naka SPV 2, LLC, secured a **$203,017,500** term loan facility from Two Prime Lending Limited on **September 30, 2025**.  **[1946573_0001213900-25-096183_ea0260270-8k_kindly.htm:0]** 
- This loan bears an interest rate of **8.5%** per annum and matures on **September 30, 2026**.  **[1946573_0001213900-25-096183_ea0260270-8k_kindly.htm:0]** 
- The obligations under the loan are secured by **Bitcoin or other digital assets**.  **[1946573_0001213900-25-096183_ea0260270-8k_kindly.htm:0]** 
- The proceeds from this financing were primarily used to fully repay a **$200 million** convertible debenture, plus 1.5% interest, with YA II PN, Ltd. (Yorkville Advisors).  **[1946573_0001213900-25-096183_ea026027001ex99-1_kindly.htm:0]**  The total cash payment for this repayment, including principal, interest, redemption premiums, and fees, amounted to **$203,017,500**, and was completed on **September 30, 2025**.  **[1946573_0001213900-25-096183_ea0260270-8k_kindly.htm:1]** **[1946573_0001213900-25-096183_ea0260270-8k_kindly.htm:0]**

Kindly MD, Inc. Secures Credit Facility and Redeems Convertible Note

- Kindly MD, Inc. (NAKA) filed a **Form S3** on **September 12, 2025**, to register shares sold in its PIPE fundraising, anticipating **increased share price volatility** as these shares enter the market.  **[1946573_0001213900-25-087749_ea025746701ex99-1_kindly.htm:0]** **[1946573_0001213900-25-087749_ea0257467-8k_kindly.htm:1]** 
- The company's core mission is to build the defining **Bitcoin-native financial institution**, believing in Bitcoin's long-term strength and its inevitable growth trajectory through public markets.  **[1946573_0001213900-25-087749_ea025746701ex99-1_kindly.htm:0]** **[1946573_0001213900-25-087749_ea025746701ex99-1_kindly.htm:1]** 
- Since the inception of its Bitcoin strategy, Kindly MD has **raised $742 million** and established a **5,700+ BTC treasury**.  **[1946573_0001213900-25-087749_ea025746701ex99-1_kindly.htm:1]** 
- The company has also launched a **$5 billion ATM program** and made strategic investments, including a **$30 million investment** into Metaplanet.  **[1946573_0001213900-25-087749_ea025746701ex99-1_kindly.htm:1]**

Kindly MD (NAKA)