KindlyMD Announces Closing of $6.8 Million Initial Public Offering

KindlyMD, Inc. (NASDAQ:KDLY)(NASDAQ:KDLYW), a healthcare and healthcare data company, announced the closing of its initial public offering. The offering included 1,240,910 units at $5.50 per unit, totaling approximately $6.8 million in gross proceeds before underwriting discounts and offering expenses.

Each unit consists of one share of common stock, one tradeable warrant for common stock, and one non-tradeable warrant for half a share of common stock. The shares and tradeable warrants began trading on NASDAQ under the symbols "KDLY" and "KDLYW" on May 31, 2024.

KindlyMD granted underwriters a 45-day option to purchase additional shares and warrants at the public offering price. WallachBeth Capital LLC acted as the sole bookrunner for the offering.

This press release is not an offer to sell or a solicitation to buy these securities, and the offering is made only through a prospectus. Copies of the final prospectus are available via WallachBeth Capital LLC and the SEC's website.