KindlyMD Stock Plummets 98%: Market Reaction to PIPE Deal

KindlyMD stock experienced a dramatic 98% decline since May, leaving investors and analysts grappling with the implications of this sudden downturn. Cointelegraph reports the fall was triggered by a significant investor sell-off following a $563 million private investment in public equity (PIPE) deal that raised capital for the Nasdaq-listed firm. This event sparked widespread concern as existing shareholders reacted negatively to the potential dilution or perception of financial distress stemming from this major move.