Kindly MD, Inc. (KDLY) to Raise $7 Million in IPO

Kindly MD, Inc. (KDLY) expects to raise $7 million in an IPO on Wednesday, May 15th, IPO Scoop reports. The company plans to issue 1,300,000 shares at a price of $5.50 per share.

In the last 12 months, Kindly MD, Inc. generated $3.8 million in revenue and had a net loss of $2.5 million. Kindly MD, Inc. has a market cap of $32.2 million.

WallachBeth Capital LLC acted as the underwriter for the IPO.

Kindly MD, Inc. provided the following description of their company for its IPO: “We provide chronic pain management services (medical cannabis)  on an outpatient basis at two clinics in Utah. We also provide online services. We intend to use some of the IPO proceeds to fund our expansion with two new clinics in Utah. (Kindly MD, Inc. filed an S-1/A on Nov. 6, 2023, disclosing terms for its IPO: 1.27 million units at $5.50 each to raise $7.0 million. Each unit will consist of one share of stock and one warrant to buy one share of stock. Background: The company filed its S-1 in September. Kindly MD, Inc. submitted confidential IPO documents to the SEC on May 2, 2023.). “.

Kindly MD, Inc. was founded in 2019 and has 63 employees. The company is located at 5097 South 900 East Suite 100 Salt Lake City, UT 84117 and can be reached via phone at (385) 388-8220 or on the web at

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