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Filed Pursuant to Rule 424(b)(7)

Registration No. 333-290248

 

PROSPECTUS SUPPLEMENT NO. 1

(To Prospectus dated September 12, 2025)

 

KINDLY MD, INC.

 

357,158,501 Shares of Common Stock

133,100,773 Shares of Common Stock Underlying Pre-Funded Warrants

100,000,000 Shares of Common Stock Issuable Upon Conversion of Convertible Notes

 

This prospectus supplement supplements the prospectus dated September 12, 2025, relating to the offer and resale by the selling stockholders identified in this prospectus supplement (each, a “Selling Stockholder,” and collectively, the “Selling Stockholders”) of up to an aggregate of 9,356,767 shares of Kindly MD, Inc. (the “Company”) common stock, par value $0.001 per share (“Common Stock”).

 

This prospectus supplement is being filed solely to update the list of Selling Stockholders to reflect the distribution of shares of Common Stock (the “PIPE Shares”) previously issued to Nakamoto Feeder, a series of Allocations 2025 Master, LLC (“Nakamoto Feeder”), and Columbus Circle Digital I (“Columbus Digital”), to their underlying equityholders. No additional securities are being registered by this prospectus supplement. The shares covered hereby were previously registered for resale pursuant to the registration statement referenced herein.

 

You should read this prospectus supplement, together with the related prospectus and the additional information described under the headings “Incorporation of Certain Information by Reference” and “Where You Can Find More Information” carefully before you invest in any of our securities.

 

Our Common Stock is listed with, and trades on, Nasdaq under the ticker symbol “NAKA.” Our tradeable warrants to purchase Common Stock are listed with, and quoted on, the OTC Pink marketplace under the ticker symbol “NAKAW.”

 

This investment involves a high degree of risk. See “Risk Factors” on page 2 of the prospectus and any similar section contained in the documents that are incorporated by reference therein.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this prospectus supplement is September 26, 2025.

 

 

 

The following information is provided to update the Selling Stockholders table in the prospectus to reflect the distribution of shares of Common Stock previously issued to Nakamoto Feeder and Columbus Digital to their respective underlying investors.

 

SELLING STOCKHOLDERS

 

The following information is provided as of September 25, 2025 to update the “Selling Shareholders” section of the Prospectus to reflect the pro rata distribution by Nakamoto Feeder to its equityholders of 8,555,115 shares of Common Stock and the pro rata distribution by Columbus Digital to its equityholders of 1,318,750 shares of Common Stock, as reflected in the table set forth below.

 

With respect to only the Selling Shareholders listed in the table below, the information set forth in the table below supersedes and replaces the information regarding such Selling Shareholders in the Prospectus. Information regarding each of the Selling Shareholders listed in the table below is based on information provided by each of them as of the date of this prospectus supplement.

 

Information about the Selling Shareholders, including those listed below, may change over time. Since the date of the Prospectus, certain of the Selling Shareholders listed below have sold a portion of their shares of Common Stock registered thereunder and certain other Selling Shareholders may also have sold or otherwise transferred their shares of Common Stock registered thereunder. This prospectus supplement does not provide any updates with respect to any Selling Shareholders not listed in the table below.

 

    Shares Beneficially
Owned Before the
Offering
    Maximum
Number of
Shares of
Common Stock
Registered
for Sale
    Shares Beneficially
Owned After the
Offering
 
Name of Selling Stockholder   Number     %(1)     Hereby     Number(2)     %  
ABC Consulting LLC (3)     44,197       *       44,197              
Adam Thomas     99,000       *       99,000              
Ahmad Naqib bin noor     75,134       *       75,134              
Alexander Monje     44,197       *       44,197              
Alexander Wolf     8,839       *       8,839              
Alexander Yung     10,606       *       10,606              
Amy Green     13,259       *       13,259              
Andrew deLaunay     66,295       *       66,295              
Angela Phelan     22,097       *       22,097              
ARP Digital Holdings Limited (4)     176,786       *       176,786              
Beach Chair 615 LLC (5)     176,786       *       176,786              
Beer Family Trust (6)     44,197       *       44,197              
Block Space Force One Limited (7)     441,965       *       441,965              
Brad Shepard     176,786       *       176,786              
Bradford Hopson     35,357       *       35,357              
Brandon Green     265,179       *       265,179              
Brandon Sun     26,516       *       26,516              
Bruce Evans     256,333       *       256,333              
Carlen Williams     107,398       *       107,398              
Cassie Clifton     88,393       *       88,393              
Christian Lopez     220,970       *       220,970              
Christina Fettig     22,098       *       22,098              
Christopher Perkins     11,491       *       11,491              
Coyn Mateer     189,828       *       189,828              
Dan Nash     88,388       *       88,388              
Dana Clark     9,723       *       9,723              
Daniel Fiske     44,197       *       44,197              
Daniel Lebensohn     44,197       *       44,197              

 

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    Shares Beneficially
Owned Before the
Offering
    Maximum
Number of
Shares of
Common Stock
Registered
for Sale
    Shares Beneficially
Owned After the
Offering
 
Name of Selling Stockholder   Number     %(1)     Hereby     Number(2)     %  
David Cooperman     8,839             * 8,839              
Debbie Fraley     44,197             * 44,197              
Dennis Crilly     66,291             * 66,291              
Dillon Healy     88,393             * 88,393              
Dominic Silk     88,393             * 88,393              
Douglas Listman     44,194             * 44,194              
East-West Asset Management Company, LLC (8)     88,393             * 88,393              
Elena Fischer     26,518             * 26,518              
Enrique Aceves     26,518             * 26,518              
Equity Trust Co. Cust. FBO Andrew Faubel, Roth IRA (9)     44,197             * 44,197              
Equity Trust Company Custodian FBO Kevin Blacketor Roth IRA (10)     212,143             * 212,143              
Erik Toedt     22,098             * 22,098              
Eugeniu David     44,194             * 44,194              
Ezer Cherki     176,786             * 176,786              
Felipe Gontijo     44,197             * 44,197              
Frank Medina     8,838             * 8,838              
Guillaume Girard     176,786             * 176,786              
Henry Elder     132,590             * 132,590              
Howard Weiner     132,590             * 132,590              
Ian Read     176,786             * 176,786              
Jackson Moore     176,786             * 176,786              
James Jones     4,420             * 4,420              
James Moreton     53,036             * 53,036              
James Lynch     110,491             * 110,491              
Jazz Empire Revocable Trust (11)     22,098             * 22,098              
Jeffrey Lake     88,393             * 88,393              
Jerry Serowik     88,388             * 88,388              
Jimmy Toussaint     44,197             * 44,197              
JoAnn Lukas     22,097             * 22,097              
John Scianna     44,197             * 44,197              
John Riggins     35,357             * 35,357              
Jonathan Eisen     88,393             * 88,393              
Joseph Pellecchia     13,259             * 13,259              
Joseph Pooler     44,194             * 44,194              
Justin Bartley     88,393             * 88,393              
Justin Doochin     44,197             * 44,197              
Justin Vaughn     22,099             * 22,099              
Katharine Vacca     8,838             * 8,838              
Kathy Fox     44,197             * 44,197              
Keith Vrotsos     17,679             * 17,679              
Kelly Price     44,197             * 44,197              

 

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    Shares Beneficially
Owned Before the
Offering
    Maximum
Number of
Shares of
Common Stock
Registered
for Sale
    Shares Beneficially
Owned After the
Offering
 
Name of Selling Stockholder   Number     %(1)     Hereby     Number(2)     %  
Kevin Blacketor     8,839       *       8,839                    —  
Kishan Sutariya     172,366       *       172,366              
Leslie Vaughn     22,098       *       22,098              
Lester Brafman     88,388       *       88,388              
Loren Asmus III     44,197       *       44,197              
Lukasz Wicher     88,384       *       88,384              
Lun Zhang     44,197       *       44,197              
Manish Patel     8,838       *       8,838              
Michael Markle     176,786       *       176,786              
Minesh Bhiindi     44,285       *       44,285              
Mitchell Trulli     13,259       *       13,259              
Newt Investments LLC (12)     353,572       *       353,572              
Nicholas Emmet Carr     132,590       *       132,590              
Oakley Singer     13,259       *       13,259              
Patricia Ashley Mateer-Piercy     88,393       *       88,393              
Patricia Phillips     44,197       *       44,197              
Phillip Worthey     66,295       *       66,295              
Pranav Ahuja     4,420       *       4,420              
Rahul Wadwha     44,194       *       44,194              
Randall K Smith Revocable Trust (13)     220,983       *       220,983              
Richard Goldberg     22,098       *       22,098              
Robert Gross     22,098       *       22,098              
Robert DiFranco Jr     8,839       *       8,839              
Roth IRA Daniel Hinton (14)     265,179       *       265,179              
Ryan Bodin     309,376       *       309,376              
Ryan Doody     220,983       *       220,983              
Singularity Fund I, LP (15)     53,036       *       53,036              
Spencer Marr     8,839       *       8,839              
Stacy Standridge     44,197       *       44,197              
Steve Weiner     119,323       *       119,323              
Steven Lubka     110,491       *       110,491              
Steven Smith     22,098       *       22,098              
Svitlana Tkachov     22,982       *       22,982              
The Hays Revocable Living Trust (16)     44,197       *       44,197              
Thomas Hinueber     66,295       *       66,295              
Timothy Evans     145,848       *       145,848              
Tina Shaw     44,194       *       44,194              
Tyler Laroche     70,847       *       70,847              
Urtaj Singh     185,614       *       185,614              
Valentine Han     35,357       *       35,357              
Van Palmer Finger     66,295       *       66,295              
Walter Smith     26,518       *       26,518              
Wayne Borries     22,098       *       22,098              
Wei Shuang Chou     88,396       *       88,396              
William Jones     13,259       *       13,259              
William Levin     26,516       *       26,516              
YCG Ventures Limited (17)     26,518       *       26,518              
Zac Costello     8,838       *       8,838              
Zafer Ozsoy     8,839       *       8,839              
TOTAL     9,356,767               9,356,767                  

 

* Percentage not listed if less than 1%.
   

(1) Applicable percentage based on 413,603,091 shares of our Common Stock outstanding as of September 24, 2025.
   
(2) Represents the amount of shares that will be held by each Selling Stockholder after completion of this offering based on the assumptions that (a) all Common Stock underlying the Convertible Notes registered for sale by the registration statement of which this prospectus is part of will be sold and (b) no other shares of Common Stock are acquired or sold by such Selling Stockholder prior to completion of this offering. However, the Selling Stockholders may sell all, some or none of such shares offered pursuant to this prospectus and may sell other shares of Common Stock that they may own pursuant to another registration statement under the Securities Act or sell some or all of their shares pursuant to an exemption from the registration provisions of the Securities Act, including under Rule 144.

  

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(3) Kevin Zhang, the ultimate control person of ABC Consulting LLC has voting and investment control of the shares held ABC Consulting LLC and may be deemed the beneficial owner of such shares. The address of ABC Consulting LLC is 300 Sunny Isles Blvd Unit 1201, Sunny Isles Beach, FL 33160
(4) Yusuf Abdulla Yusuf Akbar Ali Reza, the ultimate control person of ARP Digital Holdings Limited, has voting and investment control of the shares held by ARP Digital Holdings Limited and may be deemed the beneficial owner of such shares. The address of ARP Digital Holdings Limited is DD-15-134-004 - 007, Level 15, Wework Hub71, Al Khatem Tower., Global Market Square, Al Maryah Island, Abu Dhabi, UAE.
(5)

Samuel Coyn Mateer has voting and investment control of the shares held by Beach Chair 615 LLC and may be deemed the beneficial owner of such shares. The address of Beach Chair 615 LLC is 3817 Dunbarton Drive, Birmingham, AL 35223.

 

(6) Gregory S. Beer, the ultimate control person of The Beer Family Trust has voting and investment control of the shares held by The Beer Family Trust and may be deemed the beneficial owner of such shares. The address of The Beer Family Trust is 110 West Wind Cove Florence AL, 35634.
(7) Zijian Yang, the ultimate control person of Block Space Force One Limited has voting and investment control of the shares held by Block Space Force One Limited and may be deemed the beneficial owner of such shares. The address of Block Space Force One Limited is 60 Paya Lebar Road #07-54, Singapore 409051.
(8)

Geoffrey “Geoff” Beer, Managing Director of East-West Asset Management Company, LLC, has voting and investment control of the shares held by East-West Asset Management Company, LLC and may be deemed the beneficial owner of such shares. The address of East-West Asset Management Company, LLC is 3104 East Camelback Road, #842, Phoenix, AZ 85016-4502.

 

(9)

Andrew Faubel, the ultimate control person of The Equity Trust Co. Cust. FBO Andrew Faubel, Roth IRA has voting and investment control of the shares held by The Equity Trust Co. Cust. FBO Andrew Faubel, Roth IRA and may be deemed the beneficial owner of such shares. The address of The Equity Trust Co. Cust. FBO Andrew Faubel, Roth IRA. is 728 Bryan Place, Fort Lauderdale, FL 33312.

 

(10)

Kevin Blacketor has voting and investment control of the shares held by Equity Trust Company Custodian FBO Kevin Blacketor Roth IRA and may be deemed the beneficial owner of such shares. The address of Equity Trust Company Custodian FBO Kevin Blacketor Roth IRA is 1023 3rd Street, Apt. 1001, San Francisco, CA 94158.

 

(11) Zachary Townsend and Jessica Jacob, the ultimate control persons of Jazz Empire Revocable Trust have voting and investment control of the shares held by Jazz Empire Revocable Trust and may be deemed the beneficial owners of such shares. The address of Jazz Empire Revocable Trust is 236 West Portal Avenue, #450, San Francisco, CA 94127.
(12) Rita Armbrust and David Armbrust, the ultimate control persons of Newt Investments LLC have voting and investment control of the shares held by Newt Investments LLC and may be deemed the beneficial owners of such shares. The address of Newt Investments LLC is P.O. Box 871, Salem, IL 62881.
(13) Randall Smith, the ultimate control person of The Randall K Smith Revocable Trust has voting and investment control of the shares held by The Randall K Smith Revocable Trust and may be deemed the beneficial owner of such shares. The address of The Randall K Smith Revocable Trust is 1205 Palm Trail Delray Beach FL 33483.
(14) Daniel Hinton, the ultimate control person of Roth IRA Daniel Hinton has voting and investment control of the shares held by Roth IRA Daniel Hinton and may be deemed the beneficial owner of such shares. The address of Roth IRA Daniel Hinton. is 413 Caledonian Court, Nashville, TN 37211.
(15) Timothy Gorham has voting and investment control of the shares held by Singularity Fund I, LP and may be deemed the beneficial owner of such shares. The address of Singularity Fund I, LP is 3817 401 N. Michigan Ave., Suite 1200, Chicago, IL 60611.
(16) Jeffrey Hays, as trustee, has voting and investment control of the shares held by Hays Revocable Living Trust and may be deemed the beneficial owner of such shares. The address of Hays Revocable Living Trust is 1404 Cedas Lane, Nashville, TN 37212.
(17)

Jan Smejkal has voting and investment control of the shares held by YCG Ventures Limited and may be deemed the beneficial owner of such shares. The address of YCG Ventures Limited is No. 5, 17/F Bonham Trade Centre, 50 Bonham Strand, Sheung Wan, Hong Kong.

 

 

 

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