Latest news with #UTAH
Associated Press
05-08-2025
- Business
- Associated Press
Kindly MD Reports Financial Results for Second Quarter 2025
Proposed merger with Nakamoto Holdings expected to close on approximately August 11, 2025 During the quarter, Kindly MD made initial purchase of 21 BTC valued at $2.25 million as of June 30, 2025, with proceeds from warrants exercises Cash and cash equivalents was $6.02 million as of June 30, 2025 SALT LAKE CITY, UTAH / ACCESS Newswire / August 5, 2025 / Kindly MD, Inc. (NASDAQ:NAKA) ('KindlyMD'), a leading provider of integrated healthcare services, today announced its financial results for the second quarter ended June 30, 2025. Tim Pickett, Founder and CEO of KindlyMD, commented, 'During the quarter we received approximately $9.2 million in proceeds from warrants exercises, which allowed us to make an initial purchase of 21 BTC valued at $2.25 million as of June 30, 2025. Our entire team, along with David Bailey and the Nakamoto team, are eagerly looking forward to the closing of our merger, which will accelerate our mission to acquire one million Bitcoin.' Kindly MD and Nakamoto Operational Highlights On May 12, 2025, Kindly MD entered into a definitive Agreement and Plan of Merger (the 'Merger Agreement') with Nakamoto Holdings, Inc. ('Nakamoto') with plans post-closing to establish a Bitcoin treasury. To date, the Company has entered into subscription agreements totaling over $510 million in a private investment in public equity (the 'PIPE financing'), a Convertible Debt Purchase Agreement with an aggregate principal amount of $200 million in convertible notes, and $51.5 million in an additional PIPE financing, raising a total of approximately $761.5 million upon the Closing of the Merger. On May 18, 2025, holders of a majority of the outstanding common stock of KindlyMD delivered a written consent approving the Merger Agreement and related transactions with Nakamoto. Subsequent to the quarter, on July 22, 2025, KindlyMD and Nakamoto announced the filing of the definitive information statement in connection with the proposed Merger with the U.S. Securities and Exchange Commission ('SEC'). KindlyMD and Nakamoto expect to close the transaction on or around August 11, 2025, subject to other customary closing conditions. Kindly MD Financial Highlights for the Second Quarter Ending June 30, 2025 Kindly MD earned $231,726 in reimbursements from insurance payers during the three months ended June 30, 2025, representing a 153.1% increase compared to the $91,553 earned during the three months ended June 30, 2024. Revenues decreased by $230,530, or 36.1%, to $408,527 for the three months ended June 30, 2025, from $639,057 for the three months ended June 30, 2024. The decrease in revenues is primarily attributed to a decrease in cash-pay patient care service pricing and the closing of our Bountiful location. Net loss was $2,413,787 for the three months ended June 30, 2025, compared to a net loss of $1,319,653 for the three months ended June 30, 2024. Net cash used in investing activities was $2,521,108 for the second quarter ended June 30, 2025, which was the result of the purchase of digital assets of $2,289,585 and an increase in capitalized software additions of $231,523. Net cash provided by financing activities was $9,048,390 for the second quarter ended June 30, 2025, which was primarily due to $9,216,420 in proceeds from the exercise of warrants. As a result of these cash flow activities, net cash increased by $3,750,980, or 165.0%, from $2,273,624 as of December 31, 2024, to $6,024,604 as of June 30, 2025. About KindlyMD KindlyMD® is a patient-first healthcare company integrating traditional primary care, pain management, behavioral health, and alternative therapies to provide comprehensive, whole-person care. In May 2025, KindlyMD announced a definitive merger agreement with Nakamoto Holdings, a Bitcoin-native holding company, to establish a publicly traded Bitcoin treasury vehicle. This strategic partnership aims to combine 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. 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 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. Media Contacts Valter Pinto, Managing Director KCSA Strategic Communications (212) 896-1254 [email protected] KINDLY MD, INC. CONDENSED BALANCE SHEETS KINDLY MD, INC. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) KINDLY MD, INC. CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) SOURCE: KindlyMD, Inc press release
Edmonton Journal
07-05-2025
- Business
- Edmonton Journal
Utah Hockey Club reveals permanent name of the NHL team in Salt Lake City
Article content A new Ice Age dawns. Introducing Utah Mammoth. #TusksUp — Utah Mammoth (@utahhockeyclub) May 7, 2025 The Mammoth are maintaining the same black, light blue and white color scheme and the road jerseys with UTAH diagonally down the front. The logo includes a nod to the mountains, the shape of the state and a curved tusk that forms a 'U.' Mammoth fossils have been found throughout Utah, including a complete skeleton in Huntington Canyon in 1988. Utah has an exciting summer ahead holding the fourth pick in the draft, the first phase of arena renovations taking place and more than $20 million in salary cap space for general manager Bill Armstrong to make a splash in free agency and trades. With young talent like captain Clayton Keller, budding star forward Logan Cooley, two-time Stanley Cup champion Mikhail Sergachev and emerging goaltender Karel Vejmelka, the Mammoth could contend for a playoff spot as soon as next season. The rebranding comes less than 13 months since Smith Entertainment group bought the team previously known as the Arizona Coyotes from former owner Alex Meruelo and moved it to Salt Lake City. The Coyotes played in the Phoenix area since 1996 after moving there from Winnipeg, where the team was the original Jets.
Yahoo
13-03-2025
- Sport
- Yahoo
NHL Fantasy Hockey Waiver Wire Goalie Pickups March 12 - Montreal's Dobes A Solid Option in Seatlle
On every game day this season, THN Fantasy will highlight players and goalies for fantasy managers to stream or roster for the rest of the season. The recommended players and goalies are rostered in less than 50 percent of Yahoo leagues and can be selected in standard fantasy leagues or for daily fantasy games. Four games on Wednesday, March 12 * = confirmed Ukko-Pekka Luukkonen, BUF @ Cam Talbot, DET (7:30 p.m. ET) Arturs Silovs, VAN @ Dustin Wolf, CGY (9 p.m. ET) John Gibson, ANA @ Karel Vejmelka, UTAH (9 p.m. ET) Jakub Dobes, MTL @ Joey Daccord, SEA (10:30 p.m. ET) Jakub Dobes MTL @ SEA (12% rostered)Dobes started his NHL career with a bang, winning five straight. Then the wheels fell off, as it took six weeks - and five contests - for him to notch his next one. Dobes comes into this start off back-to-back solid appearances, stopping 46 of 49 shots in going 1-1-0. He faces a slightly struggling Kraken squad who are just 14-15-4 at home, giving him a strong chance at notching a win with solid ancillary numbers.. Karel Vejmelka, UTAH vs. ANA (39% rostered)Vejmelka has taken over as Utah's top netminder and is in line for additional playing time with Connor Ingram out indefinitely. He has started seven games in a row for the Hockey Club, going 4-1-2 with a 2.11 goals-against average (GAA) and a .914 save percentage over that stretch. Vejmelka is one win away from tying his career-high of 18, set in 2022-23, while his GAA and save percentage would be new highs. Remember to bookmark The Hockey News Fantasy site for stats, news, analysis, rankings, projections and more, including the Sleepers and Keepers fantasy hockey podcast!
