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Ipos overview

Kindly MD, Inc. (KDLY)


Company Overview

Proposed Symbol KDLY
Company Name Kindly MD, Inc.
Exchange NASDAQ Capital
Share Price $5.50
Employees 65 (as of 05/15/2024)
Status
Shares Offered 1,272,727
Offer amount $6,999,999
Shares Over Alloted
Company Address 5097 SOUTH 900 EAST SUITE 100 SALT LAKE CITY UT 84117
Company Phone (385) 388-8220
Company Website www.kindlymd.com
CEO Tim Pickett
State of Inc
Fiscal Year End 12-31
Total Offering Expense $219,500.00
Shareholder Shares Offered
Shares Outstanding 5,971,333
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0001946573
DealId 1231285-107750

Company Description

Kindly MD, Inc. (“KindlyMD” or “Kindly”) is a Utah company formed in 2019. KindlyMD is a healthcare data company, focused on holistic pain management and reducing the impact of the opioid epidemic. KindlyMD offers direct health care to patients integrating prescription medicine and behavioral health services to reduce opioid use in the chronic pain patient population. Kindly believes these methods will help prevent and reduce addiction and dependency on opiates. Our specialty outpatient clinical services are offered on a fee-for-service basis. The Company offers evaluation and management, including, but not limited to chronic pain, functional medicine, cognitive behavioral therapy, trauma and addiction therapy, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, medically managed weight loss, and hormone therapy. Through its focus on an embedded model of prescriber and therapist teams, KindlyMD develops patient-specific care programs with a specific mission to reduce opioid use in the patient population while successfully treating patients with effective and evidence-based non-opioid alternatives in close conjunction with behavioral therapy. Beyond its treatment of patients, KindlyMD collects data focused on why and how patients turn to alternative treatments to reduce prescription medication use and addiction. The Company captures all relevant datapoints to assist and appropriately treat each individual patient. This also results in valuable data for the Company and the Company’s investors. We strive to become a source for evidence-based guidelines, data, treatment models, and education in the fight against the opioid crisis in America. Business Revenue Streams We currently earn revenue through (i) patient care services related to medical evaluation and treatment and (ii) product retail sales. Our forecasted plan is to operate across various revenue streams: (i) medical evaluation and treatment visits reimbursed by Medicare, Medicaid, and commercial insurance payers as well as self-pay services, (ii) data collection and research, (iii) education partnerships, (iv) service affiliate agreements, and (v) retail sales. --- Our principal executive offices are located at 5097 S 900 E, Suite 100 Salt Lake City, UT 84117. Our telephone number is (385) 388-8220. Our corporate website address is located at www.kindlymd.com.